iRobot co-founder's new home robot startup hopes to raise $30M [TechCrunch]
Procter & Gamble Company (The) (PG)
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Source: TechCrunch
Securities and Exchange Commission reveals that Angle's new company, Familiar Machines & Magic, is trying to raise $30 million. So far, it has raised $15 million from a group of eight investors. The filing, known as a Form D, doesn't identify backers by name. However, Data Point Capital lists Familiar Machines on its website as one of the VC firm's portfolio companies. Familiar Machines has a domain name but not a functional website, and Angle didn't respond to a request for comment via LinkedIn. In a recent interview with The Boston Globe, Angle said that Familiar Machines, which is based in Boston with plans for a presence in Los Angeles, will develop a new kind of home robot focused on health and wellness. In addition to Angle, the co-founders include former iRobot CTO Chris Jones and iRobot alumnus Ira Renfrew. Renfrew, notably, also helped create Amazon's now-defunct Scout delivery bot. According to The Globe, citing an investor, Familiar Machines is exploring robots as c
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