2 Sources
[1]
iRobot's founder is working on a new kind of home robot
Colin Angle, the co-founder of iRobot and its CEO for three decades, is getting back into robotics with a new startup called Familiar Machines & Magic. According to The Boston Globe, the company is developing a new kind of home robot focusing on health and wellness that might take the form of an animal or a "familiar." The company is currently in stealth mode, Angle tells The Globe, and includes the former CTO of iRobot, Chris Jones, as well as iRobot's Ira Renfrew, who left the company to work on robotics at Amazon, including the shuttered Scout delivery robot. Angle was working to turn iRobot and its Roomba robot vacuum cleaners into the brains of the smart home before he left the company following the collapse of its sale to Amazon in January of this year. Since then, iRobot has slashed its R&D budget, cut almost 50 percent of its staff, and refocused its business on home cleaning machines. Familiar Machines & Magic has raised $15 million from eight investors and is looking for $15 million more, according to TechCrunch. A job listing for the company on LinkedIn describes it as a "well-funded, new embodied AI and robotics startup based outside of Boston." It's an interesting pivot for Angle to go from the practical to the personal. To date, robots that can do things for you, such as robot vacuum cleaners, robot litter boxes, and robot lawnmowers, have been more successful than "companion bots." Jibo, Moxie, and Anki are just a few that have powered down over the years. However, advances in generative AI could bring more potential to the space. These technologies could make robots such as the lovable Lovot or Sony's Aibo, which the company recently resurrected, seem more human-like, have conversations with you, and be more useful than simply being cute. For example, Israeli startup Intuition Robotics has been working on ElliQ, an AI-powered social robot designed to keep the elderly and home-bound company, since 2017. I've tested a couple of versions of the tabletop robot, and its third-generation model, which incorporates generative AI, is significantly more lifelike and engaging. What exact type of magic Angle and his Familars will conjure up remains to be seen. One investor described "furry pets to address loneliness" to The Globe. However, some combination of personality and practicality that positively impacts the health and well-being of household members feels like a good place to start.
[2]
iRobot co-founder's new home robot startup hopes to raise $30M
Colin Angle, one of the co-founders of Roomba maker iRobot, is raising cash for a home robotics venture. A filing with the U.S. Securities and Exchange Commission reveals that Angle's new company, Familiar Machines & Magic, is trying to raise $30 million. So far, it has raised $15 million from a group of eight investors. The filing, known as a Form D, doesn't identify backers by name. However, Data Point Capital lists Familiar Machines on its website as one of the VC firm's portfolio companies. Familiar Machines has a domain name but not a functional website, and Angle didn't respond to a request for comment via LinkedIn. In a recent interview with The Boston Globe, Angle said that Familiar Machines, which is based in Boston with plans for a presence in Los Angeles, will develop a new kind of home robot focused on health and wellness. In addition to Angle, the co-founders include former iRobot CTO Chris Jones and iRobot alumnus Ira Renfrew. Renfrew, notably, also helped create Amazon's now-defunct Scout delivery bot. According to The Globe, citing an investor, Familiar Machines is exploring robots as companions -- potentially including AI-powered "furry pets." The company is hiring AI researchers and software engineers, among other roles. "We are pioneering an exciting new category of home robot in the health and wellness space with a significant focus on human-robot interaction," a Familiar Machines job description on LinkedIn reads. "Embodied and agentic AI are central to our product vision." Angle stepped down from iRobot in January, after Amazon's bid to acquire the company collapsed in the face of opposition from EU antitrust regulators. iRobot was forced to lay off 31% of its staff, and Gary Cohen, an ex-Procter & Gamble general manager, was appointed the company's new CEO. Angle has dabbled in home robots before. In the early 2000s, iRobot created a prototype home companion robot called Grommet, per The Globe's reporting. But the home robotics market has proven to be a tough nut to crack. In 2018, Bosch-backed Mayfield Robotics ceased production of its Kuri robot companion amid a questionable future. That same year, tabletop robot creator Jibo wound down operations. Anki, the company behind the viral robot Cozmo, shut down in 2019. And Moxie, which made an AI-powered robot for kids, abruptly shuttered last week. But the failures aren't dissuading tech titans. Amazon continues to try to find a fit for its Astro home robot, and Apple is reportedly working on home robotics in some form.
Share
Copy Link
Colin Angle, co-founder of iRobot, launches Familiar Machines & Magic, a startup developing AI-powered home robots focused on health, wellness, and companionship. The company has raised $15 million and aims for $30 million in total funding.
Colin Angle, co-founder and former CEO of iRobot, is making waves in the robotics industry once again with his new startup, Familiar Machines & Magic. The company, currently in stealth mode, is developing a novel type of home robot that focuses on health and wellness, potentially taking the form of an animal or a "familiar" 1.
The Boston-based startup has already raised $15 million from eight investors and is seeking an additional $15 million, bringing its total funding goal to $30 million 2. The company's leadership includes former iRobot CTO Chris Jones and Ira Renfrew, who previously worked on robotics at Amazon, including the now-discontinued Scout delivery robot 1.
A job listing on LinkedIn describes Familiar Machines & Magic as a "well-funded, new embodied AI and robotics startup based outside of Boston" 1. The company is actively hiring AI researchers and software engineers, emphasizing that "embodied and agentic AI are central to our product vision" 2.
Angle's new venture marks a significant shift from his work at iRobot, which focused on practical home cleaning robots like the Roomba. With Familiar Machines & Magic, he's exploring the realm of companion robots, potentially including AI-powered "furry pets" to address loneliness, according to one investor 12.
This pivot comes at a time when advances in generative AI could potentially breathe new life into the companion robot market. Previous attempts in this space, such as Jibo, Moxie, and Anki, have faced challenges and ultimately shut down 1.
While the exact nature of Familiar Machines & Magic's products remains under wraps, the integration of generative AI could make these robots more human-like, capable of engaging in conversations and providing more utility beyond mere cuteness. For instance, Intuition Robotics' ElliQ, an AI-powered social robot designed for the elderly, has shown significant improvements in its third-generation model by incorporating generative AI 1.
The home robotics market has proven challenging, with several high-profile failures in recent years. Companies like Mayfield Robotics, Jibo, Anki, and most recently, Moxie, have all ceased operations 2. However, major tech companies like Amazon and Apple continue to show interest in the space, with ongoing projects and rumored developments 2.
As Familiar Machines & Magic enters this competitive landscape, its focus on health, wellness, and human-robot interaction could potentially set it apart. The company's success may hinge on finding the right balance between personality and practicality, aiming to positively impact the health and well-being of household members 1.
With Colin Angle's extensive experience in the robotics industry and the potential of advanced AI technologies, Familiar Machines & Magic is poised to make a significant impact in the evolving field of home robotics. As the company continues to develop its products, the tech world eagerly awaits to see what kind of "magic" these new AI-powered companions will bring to our homes.
Summarized by
Navi
Mira Murati's AI startup Thinking Machines Lab secures a historic $2 billion seed round, reaching a $12 billion valuation. The company plans to unveil its first product soon, focusing on collaborative general intelligence.
11 Sources
Startups
17 hrs ago
11 Sources
Startups
17 hrs ago
Google's AI agent 'Big Sleep' has made history by detecting and preventing a critical vulnerability in SQLite before it could be exploited, showcasing the potential of AI in proactive cybersecurity.
4 Sources
Technology
9 hrs ago
4 Sources
Technology
9 hrs ago
Leading AI researchers from major tech companies and institutions have published a position paper calling for urgent action to preserve and enhance Chain-of-Thought (CoT) monitoring in AI systems, warning that this critical safety measure could soon be lost as AI technology advances.
4 Sources
Technology
9 hrs ago
4 Sources
Technology
9 hrs ago
Google announces major advancements in AI-driven cybersecurity, including the first-ever prevention of a live cyberattack by an AI agent, ahead of Black Hat USA and DEF CON 33 conferences.
2 Sources
Technology
9 hrs ago
2 Sources
Technology
9 hrs ago
French AI startup Mistral releases Voxtral, an open-source speech recognition model family, aiming to provide affordable and accurate audio processing solutions for businesses while competing with established proprietary systems.
7 Sources
Technology
17 hrs ago
7 Sources
Technology
17 hrs ago