Investment in Boston Area Robotics R&D Bucking The Trend
While most of the economy is mired down with no signs of relief on the horizon, and venture capital investment in high tech seems to have gone the way of the DoDo bird, Dean Kara with Robotics Business Review points out that investment in startup robotics research and development in the Boston area is definitely bucking the trend.
Kara, the founder of Robotics Trends and the Robotics Business Review, takes a close look at recent venture capital funding received by Heartland Robotics, Corindus Vascular Robotics, Harvest Automation, CyPhy Works, and North End Technologies, and finds the trend to be quite encouraging.
“That all of these investments came over the last seven months, in very uncertain economic times, speaks to the strength of the Boston-area robotics industry. It also bodes well for the robotics and intelligent systems industry as a whole. That four of the five companies were founded by ex-iRobot employees is also interesting….”
Dan Kara on www.roboticsbusinessreview.com
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