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3 Failed Robot Startups & Analyses on Why they Failed

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There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.

One of the challenges is finding a market that is willing to pay for your solution without even knowing what it is yet.

However, 90% of startups will fail and shut down.

In this article, you can find 3 failed Robot startups as well as analyses on why they closed down.


3 Failed Robot Startups

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Anki

Anki

Anki aimed to integrate robotics and IoT into children's toys and games. They ceased operations by the end of April 2019 due to a failed round of financing.

Details of the startup:

  • Founders:

    Boris Sofman, Hanns Tappeiner, Mark Palatucci

  • Country:

    United States

  • Industry:

    Software & Hardware

  • Started in:

    2010

  • Closed in:

    2019

  • Nº of employees:

    100-250

  • Funding Amount:

    > $50M

  • Specific cause of failure:

    Lack of Funds

You can read more about their failure here.

QBotix

QBotix

QBotix offered solar panels that tracked solar light. Their competitors' efficiency improved, making QBotix's innovative solar panels less cost-effective.

Details of the startup:

  • Founders:

    Wasiq Bokhari

  • Country:

    United States

  • Industry:

    Software & Hardware

  • Started in:

    2010

  • Closed in:

    2015

  • Nº of employees:

    10-50

  • Funding Amount:

    $10M-$50M

  • Specific cause of failure:

    Competition

You can read more about their failure here.

Seven Dreamers Laboratories

Seven Dreamers Laboratories

Seven Dreamers Laboratory built a robot that washed, ironed and folded laundry. However, their product was expensive and couldn't match human's dexterity.

Details of the startup:

  • Founders:

    Shin Sakane

  • Country:

    Japan

  • Industry:

    Software & Hardware

  • Started in:

    2014

  • Closed in:

    2019

  • Nº of employees:

    100-250

  • Funding Amount:

    > $50M

  • Specific cause of failure:

    Poor Product

You can read more about their failure here.

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