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SUMMARY
- Familiar Machines & Magic, founded by Colin Angle, co-founder of iRobot, Seeking to raise $30M; closed $15M from 8 investors.
- Focus: AI home robots for health, wellness, and companionship, such as the potential AI "furry pets."
- Team: Former iRobot CTO Chris Jones, and Ira Renfrew (ex-iRobot, team of Amazon Scout).
- Market Outlook: Home robotics industry is poised to reach $24.5B in revenue by 2028 despite significant set-backs experienced by companies like Jibo and Anki.
Colin Angle's Familiar Machines Raises $15M for Health and Wellness Home Robots
Colin Angle, co-founder of iRobot, is raising capital for his new venture, Familiar Machines & Magic. Right now, company focuses on creating innovative home robots for health and wellness, the filing with the U.S. Securities and Exchange Commission states. The company intends to raise $30 million; it has already attracted $15 million from eight investors.
While the company's filing (Form D) doesn't name any investors, Data Point Capital has a Familiar Machines listing as one of its portfolio companies on its website. The company does, however have a registered domain name and trademark application; there is still no functioning website available. Angle did not respond to request for comment.
Boston-based Familiar Machines plans to open an office in Los Angeles, but the focus remains on developing home robots with a strong emphasis on human-robot interaction in health and wellness. In a recent interview with The Boston Globe, Angle revealed that the company is looking into robots as companions, potentially including AI-powered "furry pets." The team behind Familiar Machines includes former iRobot CTO Chris Jones and iRobot alumnus Ira Renfrew who also contributed to the development of Amazon's now-defunct Scout delivery bot.
The company is actively hiring AI researchers and software engineers to further develop its robots with a job description on LinkedIn emphasizing the use of embodied and agentic AI. Familiar Machines aims to introduce a new category of home robots focusing on health, wellness and companionship.
Angle's entry into home robotics comes after his resignation from iRobot in January after Amazon's acquisition plan for the company was nixed by EU antitrust regulators. The home robotics space has faced setbacks in form of shutdowns for Kuri, Jibo, Anki, and Moxie from Mayfield Robotics. However, giants Amazon and Apple are not throwing in the towel on home robotics, with the industry expected to hit $24.5 billion by 2028.
With over 1,500 robotics startups that have raised significant investments in recent years, Familiar Machines is well-positioned to capitalize on the growing interest and demand for household robotics.
While the company's filing (Form D) doesn't name any investors, Data Point Capital has a Familiar Machines listing as one of its portfolio companies on its website. The company does, however have a registered domain name and trademark application; there is still no functioning website available. Angle did not respond to request for comment.
Boston-based Familiar Machines plans to open an office in Los Angeles, but the focus remains on developing home robots with a strong emphasis on human-robot interaction in health and wellness. In a recent interview with The Boston Globe, Angle revealed that the company is looking into robots as companions, potentially including AI-powered "furry pets." The team behind Familiar Machines includes former iRobot CTO Chris Jones and iRobot alumnus Ira Renfrew who also contributed to the development of Amazon's now-defunct Scout delivery bot.
The company is actively hiring AI researchers and software engineers to further develop its robots with a job description on LinkedIn emphasizing the use of embodied and agentic AI. Familiar Machines aims to introduce a new category of home robots focusing on health, wellness and companionship.
Angle's entry into home robotics comes after his resignation from iRobot in January after Amazon's acquisition plan for the company was nixed by EU antitrust regulators. The home robotics space has faced setbacks in form of shutdowns for Kuri, Jibo, Anki, and Moxie from Mayfield Robotics. However, giants Amazon and Apple are not throwing in the towel on home robotics, with the industry expected to hit $24.5 billion by 2028.
With over 1,500 robotics startups that have raised significant investments in recent years, Familiar Machines is well-positioned to capitalize on the growing interest and demand for household robotics.
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