Jibo Closes $11M in Series A Extension Funding

jiboJibo, Inc., the Boston, MA-based company behind Jibo, the Social Robot for the home, closed $11M in a Series A funding round.

Backers included Acer (Taiwan), Dentsu Ventures (Japan), KDDI (Japan), LG Uplus (Korea) and NetPosa (China).

The company intends to use the funds to accelerate operations, product enhancements, partner content integrations and Jibo’s market introduction.

Founded by Cynthia Breazeal and led by Steve Chambers, CEO, Jibo has created a Social Robot and Developers’ Platform from the MIT Media Lab.
Its SDK allows developers to create and build a wide range of robot applications (called Jibo Skills).
The company’s combined Indiegogo and InDemand campaigns raised approximately $4M with more than 6,500 Jibos sold.



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