Anki, the robotics company behind Anki Overdrive and Cozmo, is shutting down.
Recode reports that Anki is laying off its entire staff after a recent round of investment fell through.
The company said in a statement to Recode that it was left “without significant funding to support a hardware and software business and bridge to our long-term product roadmap.”
“Despite our past successes, we pursued every financial avenue to fund our future product development and expand on our platforms,” stated a company spokesperson.
“A significant financial deal at a late stage fell through with a strategic investor and we were not able to reach an agreement. We’re doing our best to take care of every single employee and their families, and our management team continues to explore all options available.”
More Recent News
Numskull debuts Tubbz, a new line of collectible ‘cosplaying’ ducks
The range is made up of toy ducks decked out like iconic characters from brands including DC Comics, The Lord of the Rings and Ghostbusters.
Hasbro’s toy and game recycling initiative expands to France, Germany and Brazil
“We deeply believe in taking care of our planet for future generations, and we see this expansion as the next step in our sustainability journey,” said Hasbro’s John Frascotti.
LISTEN: Mojo Nation’s Billy Langsworthy talks toy and game design with Phil Albritton on the Power Kid Podcast
Billy and Phil spoke about the toy and game design scene and unpacked some of what Mojo Nation is up to this year.
CBS merges with Viacom and unites brand portfolio boasting Nickelodeon, South Park and Star Trek
The combined company will be known as ViacomCBS Inc and will house channels and brands including CBS, Showtime, Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Star Trek, South Park and Mission: Impossible.
Hasbro’s Tanya Thompson to reveal ‘Top 10 Things To Know When Pitching Games’ at Toy and Game Design Conference
As the firm’s Director of Product Acquisition and Inventor Relations for games, Thompson boasts far-reaching connections in the global inventor community and is an expert in game sourcing.
Spin Master debuts Dragamonz, a new toy line encompassing collectibles, trading cards and AR-infused battles
“Dragamonz gives kids everything they are looking for in a toy experience from collectability to battling,” said James Martin, Senior Vice President & Global Business Unit Lead, Spin Master.
Comments