Cartwheel’s Last Lifeline: The Engineered Arts Deal That Never Closed
Engineered Arts wanted to acquire Cartwheel Robotics before it collapsed but the now-defunct startup’s investors allegedly derailed the deal.
Cartwheel Robotics is a Reno-based startup building small, friendly humanoid robots that offer companionship, expressiveness, and practical help in homes, entertainment, and public spaces
Engineered Arts wanted to acquire Cartwheel Robotics before it collapsed but the now-defunct startup’s investors allegedly derailed the deal.
Nevada-based Cartwheel has been forced into bankruptcy by its creditors after its collapse. The 4-year-old startup had built a working prototype of its cartoonlike humanoid Yogi with around $3 million but failed to raise enough to scale.
Nevada-based startup Cartwheel Robotics is shutting down after failing to secure enough funding to get its compact humanoid robot Yogi to market.
Cartwheel Robotics is going viral with its AI-powered humanoid robot, Yogi, engineering specifically to be your friend.
As the AI companion market explodes, the technology is quickly jumping from the digital to the physical world through robotics.