Intel Capital, an investment organization that belongs to Intel Corp. has made its first robotics industry investment, leading a $13 million investment in Aldebaran Robotics. The funding from Intel Capital will play a key role in allowing Aldebaran to develop its product offering into additional vertical sectors such as health and social care.
“Robotics is an area that Intel Capital has been interested in for some time. Aldebaran’s work in areas such as voice interaction and video analytics really highlights the advances made in perceptual computing and has the potential to offer innovative products and solutions across a range of sectors," said Marcos Battisti, managing director of Intel Capital in Western Europe and Israel.
The company currently manufactures and sells advanced, programmable humanoid robots focused on the education, personal services and research markets. Its products combine a range of facial and voice recognition technologies with location awareness capabilities, providing a flexible platform for application development. The investment from Intel Capiral and other partners will also help Aldebaran streamline its production operations and increase its research and development capabilities.
An investment into robotic technologies will not only let Intel to tap a new market, but will potentially enable to the company to better learn the peculiarities for chips that the robotics industry require.
“Working with Intel Capital is a step we believe will propel the business and help the technology we have developed reach its full potential. Our products have the flexibility to provide solutions across a range of applications and this investment will play a huge role in helping drive manufacturing efficiencies and further our research capabilities to help the business’ expansion into new markets. Intel products are ideally suited for the processing demands required by robotics. This investment from Intel Capital enables Aldebaran to become a key player in this nascent industry," said Bruno Maisonnier, founder and chief executive officer of Aldebaran Robotics.
The series C round of financing was led by Intel Capital, with additional participation from its current investors, CDC Innovation, iSource and Crédit Agricole Private Equity.