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New venture fund specifically for service robotic startups

… “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 produc…

… “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.

By Frank Tobe

Frank Tobe is the owner and publisher of The Robot Report After selling his business and retiring from 25+ years as a provider of computer direct marketing and consulting to the Democratic National Committee, major presidential and other campaigns and initiatives, he has energetically pursued a new career in researching and investing in robotics. In 2013 he co-founded Robo-STOX™ LLC (renamed in 2015 to ROBO-Global) and developed a tracking index for the robotics industry: the ROBO-Global™ Robotics & Automation Index.

Frank is a member of Robohub and also a panel member for panel member for Robohub's Robotics by Invitation series.