Startup behind toy Cozmo shutting down

Startup behind toy Cozmo shutting down

A startup which strove to advance the fantasy of robots is shutting down.

San Francisco-based Anki says after failing to raise enough money to keep the company going, it is laying its workers off on Wednesday.

The business said last year it is sold more than 1.5 million products, for instance, car-racing game Overdrive along with Cozmo, a playful robotic pet. Last year anki introduced its latest robot Vector.

It is among many manufacturers of consumer robots. Boston-based Jibo shut down less than a year ago following its deadline, talking speaker made Time Magazine’s cover. Mayfield Robotics last year canceled Kuri, a home robot that was roving.

Information of the closure of Anki was reported by Recode.

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