iRobot co-founder's new home robot startup hopes to raise $30M

iRobot co-founder's new home robot startup hopes to raise $30M
yahoo.com

by Kyle Wiggers • 2 months ago

Colin Angle, co-founder of iRobot, is raising $30 million for his new home robotics startup, Familiar Machines & Magic, which has already secured $15 million from investors. The company aims to innovate in health and wellness-focused home robots, exploring AI-powered companions. Angle, alongside former iRobot colleagues, is hiring for various roles. Despite challenges in the home robotics market, there is significant potential, with the sector projected to be worth $24.5 billion by 2028.

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