Kayla Matthews for VentureBeat: Lying in general is a bad idea, but lying to your would-be customers is an especially awful thing to do. That’s the lesson allegedly being learned by Lily Robotics, which, at the end of January, was raided by San Francisco police as part of a potential criminal investigation.
Let’s back up. Why is the SFPD raiding the headquarters of a robotics company? It’s been a long, strange road, but let’s go back to the beginning.
In 2016, Lily Robotics took more than 60,000 preorders for an upcoming product — preorders valued at more than $34 million. Naturally, these customers expected the product to be delivered within the specified time frame and to work as depicted in the company’s promotional videos. Cont'd...
Kickstarter - Chinese 3D Printer Maker Zhuhai CTC Electronic Cancels Formaker Project on Kickstarter
Kickstarter - Steady Shot Bot Launches Kickstarter Campaign to Empower New Generation of Photographer Superheroes
By Hitesh Raj Bhagat, ET Bureau: This cute little fella is the mBot — a do-it-yourself educational robot kit from robotics experts Makeblock. Built around the Arduino open-source platform, it's designed to induct kids into the fields of robotics and programming. The company chose to build around the concept of STEM education: science, technology, engineering & mathematics. Specifically, it helps children get an early start into these disciplines. There are two versions of the mBot: a Bluetooth version for home use 2.4Ghz WiFi version, which is designed for classroom use.
The company took to Kickstarter to generate funds for mBot and promised one unit for $49 (plus shipping). From a modest $20,000 goal, a staggering $285,463 was raised during the campaign. Now, you can buy a kit from Makeblock's website. Coming back to the mBot, everything that you need to build it is in the box — in a nutshell, you need to assemble it using the precise instructions provided and add batteries. There are 45 pieces and it's easy to put them together in about 15 minutes. It's neatly packaged and consists of very high quality materials — including some attractive anodised aluminium parts in your choice of pink or blue. Every little part that you need — from the main Arduino board, DC motors, to each screw, cable and even a set of tools — is in the box. It comes pre-programmed but it's also designed to be tinkered with. Parent of pre-teens might be familiar with Scratch — a free, graphicalbased programming language developed by MIT Media Lab. Well, Makeblock has built their own version for this and called it mBlock (it's based on Scratch 2.0 and free to download from their website). The idea behind mBlock is that younger children can start out with graphical programming and move on to text-based programming as they become more advanced. Cont'd...
By Thomas Black for Bloomberg Business: Startup drone makers are finding record amounts of funding as venture capitalists prowl for early winners in what may become an $82 billion industry.
From Silicon Valley to New York, firms including Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners and ff Venture Capital are lining up behind unmanned aerial vehicle companies. Google Inc., General Electric Co. and Qualcomm Inc. also are jumping in with cash.
“Everybody wants to invest in drones because they’re seeing not only the potential but actual results right now,” said Jon Ollwerther, vice president of marketing and operations at drone builder AeroCine, which operates from a waterfront Brooklyn warehouse with a view of the Statue of Liberty. “We have said no to money.”
There’s more than ever to go around. Investors have pumped $210 million into businesses like SZ DJI Technology Co. and DroneDeploy so far in 2015, almost double the total for all of last year, according to data compiler CrunchBase. The pace has quickened as U.S. regulators grant more exemptions for limited commercial operations, reassuring financial backers that they’ll see a payoff from their support. Cont'd...
Siemens Expands Frontier Partner Program for Manufacturing-focused Startups to Accelerate Innovations to Market
Qualcomm Announces 10 Companies Selected to Participate in the Qualcomm Robotics Accelerator, Powered by Techstars
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