CyPhy Works Finds $1.8M
CyPhy Works, the robotics startup led by iRobot co-founder Helen Greiner, has raised $1.75 million in a round of equity financing, according to an SEC filing. The filing does not identify the investors in CyPhy, but the Cambridge, MA, venture firm General Catalyst Partners is listed as a promoter of the startup. Greiner, who is CEO of the Framingham, MA-based startup, gave Bob some details about the company a year ago after it launched under its former name, The Droid Works, telling him that the stealthy firm is developing an unmanned aerial vehicle UAV. The startup was awarded a $2.4 million grant from the National Institute of Standards and Technology last year for its UAV research.
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