I, like many roboticists before me, have built my fair share of home robots headed for market. Only to later to throw in the towel once the team realized that the cost/performance trade offs forced the capabilities so low that the typical user could not derive significant value. So comes the sad but unsurprising news…
Social robot maker Jibo sells off assets
Social robot maker Jibo has sold its IP assets. According to a former Jibo executive with direct knowledge of the situation, New York-based investment management firm SQN Venture Partners is the new owner. The Robot Report has reached out to SQN Ventures Partners multiple times, but there has been no response. A listing of Jibo’s patents…
Jibo social robot: where things went wrong
Social robot company Jibo is sadly running on fumes after burning through nearly $73 million in funding. In a story first reported by BostInno and since confirmed by The Robot Report, Jibo has laid off the majority of its workforce to enable “additional time to secure additional funding or pursue an exit.” Jibo was once heralded as “the first…