It takes a ton of money to create, nurture, evolve, productize, and bring a successful new technology to market. All too often new ventures have fantastic ideas or great technology, but fail to grab the attention of investors with the capital that they desperately need to stay alive long enough to evolve into a viable business.
Aldebaran Robotics, the creator of the NAO humanoid robot, has achieved a lot in the past five short years. The robots performance is definitely world class in the area of robotics it was targeted for. It's already proven the potential of the company's design and vision, but it's still quite a way from being self sustaining.
However, the Aldebaran management team hasn't let that limit their long term vision and passion. Today they announced successful series C round of financing amounting to USD$13 million. It's a major vote of confidence on the part of Aldebaran's investors, as well as a significant additional responsibility for the company's leaders as they pursue making their dream a reality.