Wednesday, November 09, 2005

Technology News: iRobot's successes bringing venture capitalists into the robotics industry

Venture capitalists tend to be fairly conservative people -- despite their reputation for risk taking.
Consequently, few robot-makers have received venture funding.
In fact, it's possible that many VCs put robot business models on a par with time travel and jet-pack transportation.
With the announcement of a $115 million IPO by Burlington, MA-based iRobot, though, companies commercializing robot technology are beginning to attract VC attention.

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