Every once in a while, a college student or recent graduate dares to launch a robotics startup and . . . everything goes as well as could be expected. Such is the case, for example, with Alex Rodrigues and Brandon Moak, two former University of Waterloo students who worked on self-driving technologies together in college and formed their now venture-backed, self-driving truck company, Embark, instead of graduating. (Originally called Varden Labs, the startup’s trip through Y Combinator undoubtedly helped.)
Still, to capture the sustained interest of robotics investors, it helps to either have experience in a particular industry or to pull in someone, quickly, who does. That much was established yesterday at UC Berkeley, when three veteran investors — Renata Quintini of Lux Capital, Rob Coneybeer of Shasta Ventures, and Chris Evdemon of Sinovation Ventures — took the stage of a packed Zellerbach Hall to talk about where they’ve invested previously, and where they are shopping now.
Though the three expressed interest in a wide range of technologies and plenty of optimism about what’s to come, each lingered a bit on one point in particular, which was the difficulty robotics founders face who are completely unfamiliar with the …read more
Source: Tech Crunch