Mentioned:
Amazon is buying a new startup. And they’re aiming to change the future of humanoid robots.
What’s happening:
- Amazon (NASDAQ: AMZN) has officially acquired New York based robotics company Fauna Robotics
Why it matters:
- Fauna Robotics’ flagship robot known as Sprout is a developer focused humanoid robot that is lightweight and is purpose built to safely operate in complex environments as a platform for building new applications
Going deeper:
- Some of the most successful venture capital funds in Silicon Valley were early investors in Fauna Robotics, including Kleiner Perkins, Lux Capital and Quiet Capital
- Fauna Robotics has also previously deployed their humanoid robot at Disney, Boston Dynamics and multiple leading universities in the United States
The fine print:
- The financial terms of the acquisition have not yet been publicly disclosed by Amazon
