Jibo, the company operating at the intersection of artificial intelligence and the automated home via its eponymous family-friendly robot, said it has raised a whopping $25.3 million in its latest round of financing.
Jibo’s been touted as the family-friendly face of robotics since its launch last year with a massive media blitz and a hugely successful Indiegogo campaign.
The company’s latest money (a Series A round for those of you who care) was led by RRE Ventures and included the lead seed investor CRV. Additional investments came from previous investors Fairhaven and Osage University Partners alongside new investors Flybridge Capital Partners, Two Sigma Ventures, Formation 8, Samsung Ventures and several angels.
According to a statement, Jibo will use the financing to fulfill orders on its Indiegogo campaign, which has seen the company take in 4,800 orders for its little robot; as well as aggressively hire more staff, develop new prototypes, and encourage a developer community to create new apps for the company’s first product (still little more than a dream in its founders’ eye).
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