Robotics startup that made cute toy Cozmo shuts down

In this July 30, 2018 file photo, Anki Inc. CEO Boris Sofman holds Vector, the company's new home robot, in New York. A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down. San Francisco-based Anki says it’s laying off its employees on Wednesday, May 1, 2019 after failing to raise enough money to keep the business going. It’s one of several high-profile makers of consumer robots to fold in the past year. (AP Photo/Ted Shaffrey, file)
FILE- In this Jan. 10, 2018, file photo, Anki Cozmo coding robot is on display at CES International in Las Vegas. A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down. San Francisco-based Anki says it’s laying off its employees on Wednesday, May 1, 2019 after failing to raise enough money to keep the business going. It’s one of several high-profile makers of consumer robots to fold in the past year. (AP Photo/Jae C. Hong, File)

SAN FRANCISCO — A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down.

San Francisco-based Anki says it's laying off its employees on Wednesday after failing to raise enough money to keep the business going.

The company said last year it's sold more than 1.5 million products, including the car-racing game Overdrive and Cozmo, a playful robotic pet. Anki introduced its newest robot, Vector, last year.

It's one of several high-profile makers of consumer robots to fold in the past year. Boston-based Jibo shut down less than a year after its squat, talking speaker made the cover of Time Magazine. California-based Mayfield Robotics also last year canceled Kuri, a roving home robot.

News of Anki's closure was first reported by Recode.

Must Read

Diversity in tech: Lots of attention, little progress

Jan 24, 2017

Despite loudly touted efforts, the tech industry is making very little progress in diversifying its workforce, especially in technical and leadership positions

Apple reversed its iPhone slump. But what's next?

Feb 1, 2017

Apple has snapped out of the first sales slump in the iPhone's decade-long history, but the upturn doesn't mean the pioneering company has broken out of its innovation funk

Exhibition charts 500 years of evolution of robots

Feb 7, 2017

Inspired by his belief that human beings are terrified of robots, Ben Russell set out to chart the evolution of automatons for an exhibition he hopes will get people to think about how androids can enhance their lives

Kick Connect publishes a comprehensive overview of the latest news and theories on science & technology. We also report accurate news with a unique perspective on the world around us.