Jibo raises another $16 Million to bring its ‘Family Robot’ to China And Japan

by Hallie Siegel

11 December 2015

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“Much of the money flowing into the Cambridge, Mass.-based robotics startup is from Asia. Jibo raised a $25 million Series A round at the beginning of the year and soon added an additional $11 million from strategic investors in Asia. The Asia-based investors include Samsung, LG, Acer , Dentsu Ventures,KDDI and NetPosa. The new round consists mostly of previous investors, but also includes new investors Fenox Venture Capital and Ningbo GQY, a Chinese company that makes digital screen displays.

PitchBook, a private equity research firm, said the new round brings Jibo’s valuation to $128.45 million.”

See it on Scoop.it, via Robotics

Hallie Siegel robotics editor-at-large

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