MRO Magazine

Fenox Venture Capital Invests in the World’s First Social Robotics Company, MIT-born Jibo, Inc.


November 24, 2015
By Business Wire News

SAN JOSE, Calif.

Fenox Venture Capital announces its investment in Jibo – the World’s First Social Robot. With this investment, Jibo plans to expand its global reach and further develop Jibo’s skills.

Fenox VC’s strategic investment will help Jibo bring its “social robot” to more households across the globe. Through Fenox VC, Jibo Inc. has partnered with SEGA SAMMY HOLDINGS, and CAC Holdings – who will help the company expand its sales and marketing to key regions globally.

“These partnerships will bring great innovation not only to Japan but also around the world,” said Anis Uzzaman, General Partner at Fenox Venture Capital. “Fenox VC will continue to partner with innovative startups and bridge the gap between Japan and Silicon Valley, and eventually the world.”

Jibo, founded by MIT Media Labs professor Cynthia Breazeal, is the first social robot for the home and was successful in raising $3.7M on its Indiegogo campaign – far exceeding its $100,000 target. With massive investments from top VCs and corporations around the world, Jibo ships to more than 45 countries, including the U.S., EU and China.

Steve Chambers, CEO of Jibo, Inc. said, “We’re excited to be partnering with Fenox VC to fuel our global growth. We are already working with Fenox VC to help us find the right partnerships worldwide.”

Expected to be released in 2016, this intelligent humanoid is expected to become a central part of every home and lead the emerging social robotics space.

About Fenox Venture Capital

Fenox Venture Capital is a Silicon Valley-based venture capital firm which has invested in more than 65 companies globally. Investment areas include IT, Health IT, Consumer Internet, IoT, Robotics, Mobile, Social, Cloud, Big Data, Payment Systems and Next Generation Technologies. Fenox VC leverages its global network spanning the US, Asia, Europe, and the Middle East to support the global expansion of its portfolio companies. Read more about Fenox Venture Capital at www.fenoxvc.com

About Jibo, Inc.

Jibo, Inc., creator of Jibo, the world’s first Social Robot for the Home, is a design-driven company dedicated to creating unforgettable experiences through advanced social robotics technology. The Company was founded by Cynthia Breazeal, a pioneer of social robotics and human robot interaction from the MIT Media Lab. Jibo is a capable and engaging Family Companion. 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. Jibo was brought here to provide fun, help and companionship to everyone in the home. Get to know Jibo today at www.jibo.com.

Fenox Venture Capital
Vivek Ladsariya, 408-645-5532
Head of Investments