Robot maker iRobot has long had two major lines of businesses: its famous disc-shaped vacuum cleaning robot called the Roomba; and another robot that, well, disposes of bombs. Cofounder Helen Greiner says iRobot — now a publicly traded company currently valued at $940 million — “wouldn’t been able to have struggle through” without both. No […]
CyPhy Works
In Talk of Amazon and UPS Delivery Drones, a VC Sees Dollar Signs
Amazon and UPS made big news this week, disclosing that they are experimenting with flying parcel carriers, respectively. But the companies’ eventual use of drones isn’t what’s interesting to VCs like Bilal Zuberi, an investor with Lux Capital who has been studying the drone space for several years. The real story, as far as he’s […]
The FAA Shows Drone Companies a Way Forward
Yesterday, the Federal Aviation Administration released its first “roadmap” for allowing unmanned aerial vehicles (UAVs) access to U.S. national airspace beginning in 2015. The idea is to permit some drone activity while preserving enough flexibility for the FAA to adjust its rules and regulations if it needs to. The step was a welcome one for entrepreneurs who […]