Robotics startup that made cute toy Cozmo shuts down

In this July 30, 2018 file photo, Anki Inc. CEO Boris Sofman holds Vector, the company's new home robot, in New York. A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down. San Francisco-based Anki says it’s laying off its employees on Wednesday, May 1, 2019 after failing to raise enough money to keep the business going. It’s one of several high-profile makers of consumer robots to fold in the past year. (AP Photo/Ted Shaffrey, file)
FILE- In this Jan. 10, 2018, file photo, Anki Cozmo coding robot is on display at CES International in Las Vegas. A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down. San Francisco-based Anki says it’s laying off its employees on Wednesday, May 1, 2019 after failing to raise enough money to keep the business going. It’s one of several high-profile makers of consumer robots to fold in the past year. (AP Photo/Jae C. Hong, File)

SAN FRANCISCO — A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down.

San Francisco-based Anki says it's laying off its employees on Wednesday after failing to raise enough money to keep the business going.

The company said last year it's sold more than 1.5 million products, including the car-racing game Overdrive and Cozmo, a playful robotic pet. Anki introduced its newest robot, Vector, last year.

It's one of several high-profile makers of consumer robots to fold in the past year. Boston-based Jibo shut down less than a year after its squat, talking speaker made the cover of Time Magazine. California-based Mayfield Robotics also last year canceled Kuri, a roving home robot.

News of Anki's closure was first reported by Recode.

Must Read

Starbucks moves into "content creation" with...

Sep 7, 2016

Starbucks is venturing into the world of "content creation" with stories it says will help balance...

AP FACT CHECK: Multiple missteps mark Trump,...

Sep 8, 2016

Republican Donald Trump repeated a bevy of previous misstatements in a forum on national security...

FAA warns airline passengers not to use Samsung...

Sep 9, 2016

U.S. aviation safety officials took the extraordinary step late Thursday of warning airline...

GM recalls 4M vehicles for air bag defect linked...

Sep 9, 2016

General Motors Co. said Friday it's recalling nearly 4 million vehicles worldwide to fix an air bag...

Cruise ship operators bringing high tech to the...

Jan 4, 2017

High technology is taking to the high seas

About Us

The World Insiders brings you exclusive coverage from across the globe in a timely, easy to consume format sourced directly from our regional media partners.

Contact us: sales[at]theworldinsiders.com

Subscribe Now!