Retail  December 17, 2018

Misty Robotics closes on $11 million equity raise

BOULDER — Misty Robotics Inc. has raised $11 million in capital.

The Boulder-based company, an offshoot of Sphero, is raising the funds through an equity offering, according to a Form D filed with the U.S. Securities and Exchange Commission on Dec. 14. The date of first sale was Dec. 5.

“Misty Robotics’ most recent funding is a follow-on to our Series A with our existing investors leading the round.,” wrote Kathryn Kelly, a representative for Misty Robotics, in an email to BizWest. “We plan to use the new funds to get Misty II to market and ramp up sales in 2019.”

SPONSORED CONTENT

Business Cares: May 2024

As Mental Health Awareness Month unfolds in Colorado, it serves as a reminder of the collective responsibility to prioritize mental well-being.

In 2017, Sphero — the maker of popular robotics toys like the BB-8 toy — split into two companies. Misty was created to build personal robotics for the home and office. Its product, Misty II, is a personal robot that can be programmed and includes capabilities like mapping, remote viewing, face recognition, locomotion and other features. It is compatible for beginning and advanced programmers.

The Misty II is currently available for sale on the company’s website for $2,399 — 25 percent off its full value. The robot is expected to ship between April and July next year.

BOULDER — Misty Robotics Inc. has raised $11 million in capital.

The Boulder-based company, an offshoot of Sphero, is raising the funds through an equity offering, according to a Form D filed with the U.S. Securities and Exchange Commission on Dec. 14. The date of first sale was Dec. 5.

“Misty Robotics’ most recent funding is a follow-on to our Series A with our existing investors leading the round.,” wrote Kathryn Kelly, a representative for Misty Robotics, in an email to BizWest. “We plan to use the new funds to get Misty II to…

Sign up for BizWest Daily Alerts