Startup that makes robots for Walmart just raised another $29M

"The End of Work" author John Tamny discusses why technology will help the jobs market and how robots will help the entertainment industry. Walmart's robot maker Bossa Nova Robotics announced on Thursday that it has raised another $29 million to help ramp up its production to fill more retailer requests over the next six months. Martin Hitch, co-founder and chief business officer of the San-Francisco-based robotics company, says the new funding will allow them to produce hundreds of robots a month to meet its new demand for 2019. The new $29 million funding round was led by Cota Capital, China Walden Venture and LG Electronics, which bumps up the company's total funding to $70 million. Bossa Nova also announced a new manufacturing partnership with Flex to expand its production.