New York, NY – September 21, 2012. Grishin Robotics (http://grishinrobotics.com)
announcing today its $250,000 investment into Double Robotics (http://www.doublerobotics.com). Parties do not disclose other terms of the deal.
Double Robotics, which has graduated recently from Y Combinator (http://ycombinator.com), builds telepresence robots, characterized by ground-breaking price
($2,499, also it can be pre-ordered now just for $1,999), great design, light weight
and high level of simplicity – it works right “out of box” and uses iPad as a platform.
Double Robotics already has $1.2 million (600 units) in pre-orders (just in one month
since the launch), from 44 countries around the world. Customers include 24
universities, as well as 17 Fortune 500 companies. Since the first production run of
Double has already sold out, the investment from Grishin Robotics will be spent
primarily on scaling manufacturing, as well as hiring & further product development.
New pre-orders will be delivered in early 2013. Engineers interested in career in
Double Robotics can get in touch with the company by the e-mail
According to ABI research data, worldwide telepresence market is going to reach $13.1
billion by the end of 2016. Current customers of Double Robotics are using the
product for teleconferencing, security surveillance, real estate & museum tours,
healthcare, presentation purposes and many others. Telepresence is considered by
industry experts as one of the most promising and will drive the personal robotics
market growth into the mainstream.
“Double Robotics’ investment perfectly aligns to our strategy”, said Dmitry Grishin,
Founder of Grishin Robotics. “It is a very consumer-oriented product with potential to
fit a very wide range of applications and has already proven a strong consumer
demand. It’s also important that the price of the product makes it truly accessible to
the wide audience. In addition, the team has a very good approach to design and is
keen to build very user-friendly products - things which should not be underestimated
while developing next-generation personal robotics companies. Double Robotics is
very well positioned to leverage the unique potential of the very prominent
telepresence robotics market segment and we strongly believe in both company’s team
”We are thrilled to have Grishin Robotics and Dmitry Grishin, in particular, as our
largest investor to date,” said David Cann, Co-founder of Double Robotics. “We read
about the new investment firm and Dmitry’s experience in the field of robotics in June
2012 when the fund was announced. The timing was perfect, as we were just
beginning the Y Combinator program with our prototype robot. After our public
launch in August, we met with Grishin Robotics and were immediately impressed with
their mission and deep knowledge of the robotics industry’s past mistakes and
potential future. We look forward to working with Grishin Robotics in the years to
come as we build our business.”
About Grishin Robotics
Grishin Robotics is a global investment company with a mission of advancing
innovation in robotics for the mass consumer market. Grishin Robotics is focused on
investing in personal robotics technologies in areas such as home maintenance,
healthcare, entertainment and transportation. The firm is led by Dmitry Grishin, co-
founder of Mail.ru Group, and is based in New York City. For more information, or to
submit your company for investment consideration, visit http://www.grishinrobotics.com.
About Double Robotics
Double Robotics is a startup based in California that is creating the first professional
grade mass market telepresence robot. The company’s first product is called Double
and has garnered tremendous interest from businesses and consumers around the
world. The company was founded by David Cann and Marc DeVidts and completed the
Y Combinator program in Summer 2012. For more information, visit http://www.doublerobotics.com.