2015 was a phenomenal year for funding and acquiring robotic companies. Over $1.32 billion in seed, crowd, series A,B,C,D and VC fundings and more than $2.27 billion in acquisitions. And they’ve begun again in 2016.
I’m at Breakout Labs 3rd ‘unboxing’ today at the Terra Gallery in San Francisco. Founded by the Thiel Foundation in 2011, Breakout Labs provides seed stage funding of up to $350,000 to early stage companies who want to change the world. While the majority of the first startups are in biotech, there are one or two hardware companies. Breakout Labs portfolio manager Michelle Kim-Danely is on a mission to find more startups that are developing robots that can change the world.