Banking & Finance  June 20, 2017

Boulder-based BB-8 maker Sphero splits into two companies

 BOULDER – Sphero Inc., maker of the acclaimed toy robot BB-8, announced Tuesday that it has completed the spin-off of its advanced robotics division into Misty Robotics Inc., which will build personal robots for the home and office.
The new company received $11.5 million in Series A funding from Venrock, Foundry Group and others.
Tim Enwall will be the company’s chief executive. Enwall founded and led three previous startups: Solista, which was sold to Gartner in 2001; Tendril Networks; Revolv, which was sold to Nest, a unit of Alphabet, in 2014.
Ian Bernstein, former Sphero co-founder and chief technology officer, will take…

Sign up for BizWest Daily Alerts
Closing in 8 seconds...