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

Source: IEEE Spectrum
04/21/16, 05:43 AM | Industrial Robotics, Personal & Service Robots | Design and Development, Financing, research

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...

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