Misty Robotics Receives $11.5m in Series A funding

Misty Robotics, Inc., a Boulder, Colo.-based company which will build personal robots for the home and office, received $11.5m in Series A funding.

Backers included Venrock, Foundry Group and others.

The new company will use its new capital to build out the team and accelerate product development and first customer ship.

Led by Ian Bernstein, former Sphero co-founder and CTO, who will be taking the role of Head of Product Tim Enwall, founder and CEO of Solista, Tendril Networks, and Revolv, who will be taking the role of CEO, Misty Robotics spun-off from the advanced robotics division of Sphero, Inc., the Boulder, Colo.-based maker of the connected play robot Sphero.
The new startup aims to build personal robots for the home and office performing helpful tasks, providing safety, and interacting with humans in entertaining and friendly ways. Misty will begin its mission with the release of its first robot and a collaborative ecosystem for robotic development.

Sphero and Misty Robotics will have a close partnership and have signed co-marketing and co-development agreements. Additionally, Paul Berberian, CEO of Sphero, will join Misty’s Board of Directors along with David Pakman, Partner at Venrock, and Brad Feld, Managing Director at Foundry Group.



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