A Japanese company called Groove X has raised an astonishing $70 million to develop and release what it calls the “next generation” of household, or companion, robots.
The company has named its new creation “Lovot”, which is a combination of the word “love” and “robot”, but has yet to release pictures of the machine. It does, however, provide a glimpse in a video (below).
The founder of Groove X is Kaname Hayashi, a former Toyota engineer and lead developer of Softbank Robotics’ interactive humanoid robot, Pepper. Continue reading Groove X raises $70 million in funding to develop ‘new generation’ of household robot, named ‘Lovot’