Social Robot and Developers Platform Jibo Raises $11M Funding

Jibo, the Social Robot for the home has closed $11 million in a series A  round from investors including – Acer (Taiwan), Dentsu (Japan), KDDI (Japan), LG Uplus (Korea) and NetPosa (China).

In January, the company had raised $25.3 million in series A funding. The new investment will be used to accelerate its operations, product enhancements, and for marketing purpose. “This round of strategic investment, centered in the target markets of Taiwan, Japan, Korea and China, will be a cornerstone of Jibo’s further expansion into international markets,” said Steve Chambers, CEO of Jibo, Inc.

Prior to this strategic investment, Jibo’s raised approximately $4M by a crowdfunding campaign through Indiegogo, with more than 6,500 Jibos sold. Jibo ships to more than 45 countries, including the U.S., EU and China, but currently both its developer and consumer units are sold out. Those who ordered after that crowdfunding campaign can expect their shipments to arrive in late Spring 2016.

Jibo helps the family stay connected and improves family communication — anything from lending a hand in managing their busy life to providing companionship and entertainment. It is able to get to know about the family, learn from them and adapt to their preferences overtime. With the Jibo SDK, developers have the tools to create and build a wide range of Jibo Skills (robot applications), extending Jibo’s personality and capabilities in the home.

Here is a video which shows how Jibo works: