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New venture fund specifically for service robotic startups

June 16, 2012

“We are at the start of a transformative period for robotics that requires a new breed of risk-taker to drive mass-market adoption,” says Dmitry Grishin, founder of Grishin Robotics.
With a particular focus on already-working products with mass-market appeal, Grishin aims to facilitate the development of the robotics industry by injecting much-needed capital and providing business counsel for up-and-coming startups. He has seeded the fund with $25 million of his own money.
Grishin is co-founder and CEO of Mail.Ru Group (61HE on the London stock exchange), the largest Internet and social networking company in the Russian-speaking world.

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series... read more

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