Fenox Venture Capital Invests in the World’s First Social Robotics Company, MIT-born Jibo, Inc.
November 24 2015 - 6:00PM
Business Wire
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 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 fuel 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151124006332/en/
Fenox Venture CapitalVivek Ladsariya, 408-645-5532Head of
Investments