Dmitry Grishin Doubles Down on Robotics With New $100 Million Fund

Erico Guizzo for IEEE Spectrum:  Nearly four years ago, Dmitry Grishin launched a US $25 million fund to invest exclusively in consumer robots. Grishin, the co-founder, chairman, and CEO of Mail.ru, the Russian Internet giant, believed that robotics was going to be one of the next big technology revolutions, and he was willing to put his money where his mouth was.

Now the Russian investor is ready to double down on his vision. Or actuallydouble double down. Grishin Robotics has recently announced a second fund four times as large as the original one. The new $100 million fund will seek Series A and B deals and expand its focus to include startups in markets like connected devices, collaborative and material-handling robots, AI and data analytics, and industrial Internet of Things.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Festo - Complete Mechatronics Motion Solutions

Festo - Complete Mechatronics Motion Solutions

Mechatronic Motion Solutions from Festo is a unique system of components, modules, and software. It integrates all types of pneumatic, servopneumatic and (electro)mechanical automation motion and combines them according to your task. Irrespective of the control system environment you use, Mechatronic Motion Solutions always provides the appropriate interfaces. The fingers can be actively moved and their strength amplified; the operator's hand movements are registered and transmitted to the robotic hand in real time. The objectives are to enhance the strength and endurance of the human hand, to extend humans' scope of action and to secure them an independent lifestyle even at an advanced age.