Grishin Robotics Raises 100M Fund to Pursue Trillion-Dollar Opportunity

SAN FRANCISCO, CA--(Marketwired - Apr 11, 2016) - Grishin Robotics announces new 100 million fund, four times the size of its initial 25 million fund, announced in mid-2012. Originally one of the first exclusively robotics funds in the world, the firm now expands its investment focus to companies involved in the "Hardware Revolution" and becomes one of the ecosystem's largest players. While Dmitry self-financed Grishin Robotics' investments until now, a number of institutional and individual investors from Europe and the U.S. became partners in this new fund. Until recently, people mainly thought about robots as multi-functional products in humanoid form-factor. Today single-purpose devices, combining sensors with software and data analytics components, have the potential to radically automate the physical world around us -- eliminating "dirty, dull & dangerous" tasks from our lives and, thus, realizing the ultimate purpose of robotics.