NAO Robot Racks Up 5 Million Big Ones

We tend to focus on the technology and performance aspects of robots and robot companies we cover, but the business aspects are just as important, if not more so. You can design the best, fastest, most capable robot the world has ever seen, but if you can't get investment capital to fund bringing that great product to the market then it's kind of meaningless.

We've been convinced for a long time that the NAO robot developed by Aldebaran Robotics in France was very, very hot. Now it turns out that they have been able to successfully pitch that same message to key venture capital investors. Last Friday they announced the closing of their first round of venture capital financing with a whopping 5 million euro (approximately  USD $7.35 million) investment lead by CDC Innovation.