Jibo Raises $11M in Series A Funding

Jibo Raises $11M in Series A Funding Image Credit: Jibo

Jibo, the first Social Robot for the home -- has closed $11M in Series A extension round to accelerate Jibo operations, product enhancements, partner content integrations and Jibo's market introduction. Participating investors include Acer, Dentsu Ventures, KDDI, LG Uplus and NetPosa Technologies.

In January this year, Jibo raised $25.3 million in Series A financing. Prior to this strategic investment, Jibo's combined Indiegogo and InDemand campaigns raised approximately $4 million with more than 6,500 Jibos shipped.  

Jibo is designed to help the family stay connected and improve family communication -- anything from lending a hand in managing users busy life to providing companionship and entertainment.

Steve Chambers, CEO of Jibo
This round of strategic investment, centered in the target markets of Taiwan, Japan, Korea and China, will be a cornerstone of Jibo's further expansion into international markets. We believe these investments in Jibo highlight the appeal of consumer social robots, and of Jibo himself, in the growing Asia-Pacific market.

Suntae Kim, CTO of LG Uplus
We believe that Jibo is a home social robot with world-class intelligence and emotion. LG Uplus, through investment and strategic partnership with Jibo, will evolve into the New Life Creator, realizing novel life values of adding more relaxation and happiness to lives of customers and their families. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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