Emotech Raises $10M, will Build a Personality Adapting Robot Assistant

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UK robotics startup and TechCrunch Disrupt London 2015 Battlefield alum Emotech has closed more than $10 million in Series A funding to continue working on its prototype robot assistant. It’s building a personality adapting AI-powered robot called Olly.

The team intended to demo their robot on stage at TC Disrupt last December (pictured above) but had some technical difficulties with the early prototype. They say they’re now focusing on a big push for CES 2017 to show off a more polished device in January — and that’s what the funding is being used for.

The investment comes from two Chinese VC firms: Alliance Capital and lead investor Lightning Capital, the latter a new VC firm focused on AI and health tech and based in Shanghai, according to Emotech.

In terms of launch timeframe for Olly, they’re slating “early next year” — with an English version of the bot set to come first.

Read the source article at TechCrunch