Robotics startup that made cute toy Cozmo shuts down

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In this Jan. 10, 2018, file photo, Anki Cozmo coding robot is on display at CES International in Las Vegas. AP FILE PHOTO

SAN FRANCISCO — A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down.

San Francisco-based Anki says it’s laying off its employees on Wednesday after failing to raise enough money to keep the business going.

https://twitter.com/CozmoHi/status/1123023040718049280

The company said last year it’s sold more than 1.5 million products, including the car-racing game Overdrive and Cozmo, a playful robotic pet. Anki introduced its newest robot, Vector, last year.

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It’s one of several high-profile makers of consumer robots to fold in the past year. Boston-based Jibo shut down less than a year after its squat, talking speaker made the cover of Time Magazine. California-based Mayfield Robotics also last year canceled Kuri, a roving home robot.

News of Anki’s closure was first reported by Recode.

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