Central regions | Finance, business | Retail, FMCG

Grishin Robotics invests in “synergy between robo-tech and entertainment industry”

14 May '14
The Grishin Robotics fund, headed by director general of the Mail.Ru Group Dmitry Grishin, has purchased a minority share in Orbotix, a manufacturer of robotic toys, Rusbase reported.

The exact size of the recently acquired stake has not yet been specified; it is only known that together with The Foundry Group and Shea Ventures, Mr. Grishin invested $15.5m. With the funds received, the company plans to support the development of new products as well as the launch of new robotic games and educational apps.

Orbotix already produces several thousand robots every year. The company’s biggest product is the waterproof robotic orb “Sphero”, which can be controlled via a smartphone or tablet and for which more than 30 apps have been developed. Later this year, the company also hopes to release pre-programmed cylinder “Ollie”, designed for multiplayer games.

Explaining the reasons for his interest in the project, Mr. Grishin said that “Orbotix is a unique example of synergy between robo-technology and the entertainment industry. It has every chance of changing traditional ideas about gaming and creating an entirely new type of gadget.”
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Grishin Robotics (3) / Dmitry Grishin (2) / Orbotix (0) /

Latest News: Central regions
17 Aug '18 | Finance, business | Technology & innovation
16 Aug '18 | Technology & innovation | Finance, business
15 Aug '18 | Technology & innovation | Finance, business
14 Aug '18 | Transport, logistics | Finance, business
13 Aug '18 | Finance, business | Technology & innovation
 

Feature stories

7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
21 Nov '17
Russian scientists have come up with what they say is...
Search (News archive - 21267)
Advertising
RB_Partners_Report
Advertising
gcvsymposium
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

17 Aug '18
BestPlace’s analytical platform enables businesses to...
16 Aug '18
Doc+, a Russian service enabling users to bring a...
15 Aug '18
Brain4Net, a Russian developer of solutions in the...

Most read stories from last week

17 Aug '18
BestPlace’s analytical platform enables businesses to...
15 Aug '18
Brain4Net, a Russian developer of solutions in the...
16 Aug '18
Doc+, a Russian service enabling users to bring a...