Social RoboticsFurhat Robotics buys Misty Robotics
The Swedish social robot company acquired the Sphero spin-out to gain hardware and a US base.
Furhat Robotics, known for a robot head with a rear-projected animated face, acquired Colorado-based Misty Robotics in what it called an all-cash deal, without disclosing terms. Chief executive Samer Al Moubayed said Misty was the missing piece, giving Furhat a hardware platform for its social robotics software and access to markets such as education. Furhat kept Misty's Colorado site as its US base and retained eight senior staff, and said it would continue the Misty brand. The deal was a notable consolidation in a small and struggling social robot industry.
Source: TechCrunch
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