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iRobot co-founder’s new home robot startup hopes to raise $30M

  • Colin Angle, co-founder of iRobot, is raising $30 million for his new home robotics venture, Familiar Machines & Magic.
  • So far, Familiar Machines has raised $15 million from eight investors, according to a filing with the U.S. Securities and Exchange Commission.
  • The company, based in Boston with plans for a presence in Los Angeles, aims to develop a new kind of home robot focused on health and wellness.
  • Despite previous failures in the home robotics market, the potential value of the household robots segment is estimated to be $24.5 billion by 2028.

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