[November 24, 2015] |
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Fenox Venture Capital Invests in the World's First Social Robotics Company, MIT-born Jibo, Inc.
Fenox Venture Capital announces its investment in Jibo - the World's
First Social Robot. With this investment, Jibo plans to expand its
global reach and further develop Jibo's skills.
Fenox VC's strategic investment will help Jibo bring its "social robot"
to more households across the globe. Through Fenox VC, Jibo Inc. has
partnered with SEGA SAMMY HOLDINGS, and CAC Holdings - who will help the
company expand its sales and marketing to key regions globally.
"These partnerships will bring great innovation not only to Japan but
also around the world," said Anis Uzzaman, General Partner at Fenox
Venture Capital. "Fenox VC will continue to partner with innovative
startups and bridge the gap between Japan and Silicon Valley, and
eventually the world."
Jibo, founded by MIT (News - Alert) Media Labs professor Cynthia Breazeal, is the first
social robot for the home and was successful in raising $3.7M on its
Indiegogo campaign - far exceeding its $100,000 target. With massive
investments from top VCs and corporations around the world, Jibo ships
to more than 45 countries, including the U.S., EU and China.
Steve Chambers, CEO of Jibo, Inc. said, "We're excited to be partnering
with Fenox VC to ful our global growth. We are already working with
Fenox VC to help us find the right partnerships worldwide."
Expected to be released in 2016, this intelligent humanoid is expected
to become a central part of every home and lead the emerging social
robotics space.
About Fenox Venture Capital
Fenox Venture Capital is a Silicon Valley-based venture capital firm
which has invested in more than 65 companies globally. Investment areas
include IT, Health IT, Consumer Internet, IoT, Robotics, Mobile, Social,
Cloud, Big Data, Payment Systems and Next Generation Technologies. Fenox
VC leverages its global network spanning the US, Asia, Europe, and the
Middle East to support the global expansion of its portfolio companies.
Read more about Fenox Venture Capital at www.fenoxvc.com
About Jibo, Inc.
Jibo, Inc., creator of Jibo, the world's first Social Robot for the
Home, is a design-driven company dedicated to creating unforgettable
experiences through advanced social robotics technology. The Company was
founded by Cynthia Breazeal, a pioneer of social robotics and human
robot interaction from the MIT Media Lab. Jibo is a capable and engaging
Family Companion. With the Jibo SDK, developers have the tools to create
and build a wide range of Jibo Skills (robot applications), extending
Jibo's personality and capabilities in the home. Jibo was brought here
to provide fun, help and companionship to everyone in the home. Get to
know Jibo today at www.jibo.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151124006332/en/
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