Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Posts Tagged ‘anki

Robots Never Die

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I have personally been looking forward to the age of robots and artificial intelligence. Despite all the advances we’ve made in science and technology in the last few centuries, we seem to still be on the verge of living in a populist, nationalist, non-science driven dystopia.

I want my robots.

But I’m not apparently going to be getting them from Anki, a “once-hot” robotics startup that is shutting down after raising more than $200M.

Recode’s coverage indicated that close to 200 employees of the company would be paid a week of severance, and that CEO Boris Sofman had told employees the company was scrambling to find more money after a new round of financing fell through.

Anki had produced consumer robots like “Cozmo,” but had also raised what Recode described as “serious money” from the likes of Andreesen Horowitz.

The company said in a statement to Recode that it was left “without significant funding to support a hardware and software business and bridge to our long-term product roadmap.”
“Despite our past successes, we pursued every financial avenue to fund our future product development and expand on our platforms,” a company spokesperson said. “A significant financial deal at a late stage fell through with a strategic investor and we were not able to reach an agreement. We’re doing our best to take care of every single employee and their families, and our management team continues to explore all options available.”

Anki robots had been popular at stores like Toys R Us, but had more recently attempted to pivot from toys to a “developed robotics” company based on AI.

Company employees were being given only a week of severance pay. As for the company robots still lying around? I hope somebody removed their power source!

Written by turbotodd

April 30, 2019 at 9:16 am

Posted in 2019, AI, startups

Tagged with , , , ,

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