Family robot maker Jibo raises $25.3 mln Series A

Jibo, which develops a connected, consumer robot for the home, announced it has raised $25.3 million in Series A funding. RRE Ventures led the round, with participation from CRV, Flybridge Capital Partners, Fairhaven Capital Partners, Two Sigma, Formation 8, Samsung Ventures, Osage Venture Partners and individual investors. The Cambridge, Mass.-based company had previously raised an undisclosed amount of seed funding, led by CRV. Jibo held a crowdfunding campaign on Indiegogo from mid-July to mid-September last year in which it pre-sold 4,800 units and raised $2.8 million. The product acts like a smart assistant, reminding users of tasks and interacting with the household. 

VC-backed Contour Semiconductor hires new CEO

Massachusetts-based memory chips provider Contour Semiconductor has named Saul Zales as CEO. Zales is the former executive vice president of corporate development at Fusion-io. Contour Semiconductor’s backers include American Capital, Fairhaven Capital Partners, Still River Funds and Eastward Capital Partners.

Serial Entrepreneur Firdaus Bhathena on His Newest Startup, Ziptr

Any new technology that promises users greater privacy online while making their lives easier would be a tantalizing prospect. Coming from an entrepreneur who has already sold two of his past companies, it proved irresistible to Fairhaven Capital. In fact, the Cambridge, Mass.-based venture firm so likes Ziptr — founded by serial entrepreneur Firdaus Bhathena […]

Startup Field Rife with Watson Wanna-be’s

The widely watched battle between Jeopardy-playing supercomputer Watson and two of the game show’s human champions this week directed national attention to the otherwise relatively obscure corner of the programming world known as natural language processing. But while the limelight was fixed mostly on Watson’s creator, IBM, it’s clear Big Blue isn’t the only one […]

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