June 28, 2012 AT 1:01 pm

Grishin Robotics Has $25 Million to Invest in Robot Startups

Pt 1198

Grishin Robotics Has $25 Million to Invest in Robot Startups – IEEE Spectrum via I Heart Robotics.

Grishin Robotics will seek to fund 10 to 20 early stage or middle-size companies developing robots in areas that include home maintenance, education, healthcare, entertainment, and transportation. He declined to name specific startups he’s interest in, but said his team is “building a list” of potential companies they want to look into.

After studying engineering and robotics at Moscow State Technical University, Grishin went on to become one of Russia’s most successful young tech entrepreneurs. He’s currently CEO of Mail.Ru Group, a $6.5-billion publicly traded conglomerate. One of his co-founders is Yuri Milner, the Russian entrepreneur and venture capitalist who has invested in Facebook, Zynga, and Groupon.

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