Grishin Robotics announces $100 million investment program in partnership with US game developer

Grishin Robotics has agreed a “strategic partnership” with Epic Games, a US video game and software development corporation, to “drive innovation in robotics and simulation” using Epic’s Unreal Engine.

The fund is ready to invest as much as $100 million in startups using this technology “to create innovative and time-saving applications in robotics, smart hardware and AI, industrial IoT, simulation and related fields.”

“Grishin Robotics’ partnership with Epic opens new horizons for the robotics industry and also anticipates the future integration of robots into humans’ daily lives,” said Dmitry Grishin, founder and CEO of Grishin Robotics. “This is a highly rewarding industry that encompasses lots of risks. Our company provides knowledge and expertise as well as shields our partners from unpredictable challenges.”

Qualified companies may apply via the Grishin Robotics website.

Launched in 2012 by Grishin — a co-founder at Mail.Ru Group — Grishin Robotics initially focused exclusively on robotics, then started showing interest in such areas as collaborative and material handling robots, AI and data analytics, industrial IoT and other hardware or software innovation.

Sources: Epic Games, Rusbase

 

Topics: Finance, Hardware, Electronics, Robotics, International, News, Robotics, Venture / Private equity
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