Orbotix, The Company That Makes The Crazy-Cool Sphero Robot, Has Raised A New $15.5 Million Round
May 3, 2014, 00:52 IST
Orbotix, the company that makes the Sphero and Ollie robotic toys, has raised a new $15.5 million round, the company tells Business Insider.
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Jim Booth, COO of Orbotix, tells us that this brings the company's total funding to $32.6 million.
This round includes money from Grishin Robotics, which invests specifically in consumer robotics companies.
Booth tells us that the new funds will "be used to expand. We've had a tremendous amount of success and we're just going to pour gasoline on the fire."
Earlier today, TechCrunch reported that Orbotix raised $20 million, but that figure is incorrect.
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Here's a fun GIF of Sphero doing its thing:
