Robohub.org
 

Grishin Robotics launches new $100M hardware fund


by
15 April 2016



share this:
Dmitry Grishin at the Skolkovo Robotics conference in Russia.

Dmitry Grishin at the Skolkovo Robotics conference in Russia.

In 2012, Dmitry Grishin, co-founder and CEO of Mail.Ru Group, the largest Internet and social networking company in the Russian-speaking world, seeded a fund with $25 million of his own money to focus on robotic startups.

This month Grishin Robotics launched another fund with $100 million provided by institutional and individual investors from Europe and the U.S. to focus on companies involved in the “Hardware Revolution.”

“Until recently, people mainly thought about robots as multi-functional products in humanoid form-factor. Today single-purpose devices, combining sensors with software and data analytics components, have the potential to radically automate the physical world around us — eliminating “dirty, dull & dangerous” tasks from our lives and, thus, realizing the ultimate purpose of robotics. The investment focus of the new fund reflects this vision, as Grishin Robotics looks to fund both hardware & software companies, driven by the six pillars of the Hardware Revolution — (1) cheaper components, (2) ubiquitous connectivity, (3) smartphone penetration, (4) 3D printing, (5) disruption of supply chain and (6) crowdfunding. By 2020, total value of the markets driven by these changes, is estimated to reach $1 trillion.”

The new fund will be primarily focused on Series A & B deals, with a certain amount of capital reserved for seed and later-stage opportunities — such as Ring, a web-based video doorbell consumer product, whose Series C round was the first investment from the new fund. Grishin Robotics is looking to expand its B2B focus as well as B2C, and will allocate up to $10 million over the lifecycle of portfolio startup companies.



tags: ,


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





Related posts :



Livestream of RoboCup2025

  18 Jul 2025
Watch the competition live from Salvador!

Tackling the 3D Simulation League: an interview with Klaus Dorer and Stefan Glaser

and   15 Jul 2025
With RoboCup2025 starting today, we found out more about the 3D simulation league, and the new simulator they have in the works.

An interview with Nicolai Ommer: the RoboCupSoccer Small Size League

and   01 Jul 2025
We caught up with Nicolai to find out more about the Small Size League, how the auto referees work, and how teams use AI.

RoboCupRescue: an interview with Adam Jacoff

and   25 Jun 2025
Find out what's new in the RoboCupRescue League this year.

Robot Talk Episode 126 – Why are we building humanoid robots?

  20 Jun 2025
In this special live recording at Imperial College London, Claire chatted to Ben Russell, Maryam Banitalebi Dehkordi, and Petar Kormushev about humanoid robotics.

Gearing up for RoboCupJunior: Interview with Ana Patrícia Magalhães

and   18 Jun 2025
We hear from the organiser of RoboCupJunior 2025 and find out how the preparations are going for the event.

Robot Talk Episode 125 – Chatting with robots, with Gabriel Skantze

  13 Jun 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Gabriel Skantze from KTH Royal Institute of Technology about having natural face-to-face conversations with robots.

Preparing for kick-off at RoboCup2025: an interview with General Chair Marco Simões

and   12 Jun 2025
We caught up with Marco to find out what exciting events are in store at this year's RoboCup.



 

Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2025.05 - Association for the Understanding of Artificial Intelligence


 












©2025.05 - Association for the Understanding of Artificial Intelligence