iRobot co-founder's new home robot startup hopes to raise $30M [Yahoo! Finance]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: Yahoo! Finance
A filing with the U.S. 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. 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 Boston-based 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 companions — potentially including AI-powered "furry pets." The company is hiring AI researche
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Earnings
- 10/18/24 - Beat
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Sec Filings
- 12/20/24 - Form 4
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- 12/20/24 - Form 4
- PG's page on the SEC website