Robotic Toys startup that made cute toy Cozmo shuts down

A startup that designed and produced robotic toys with AI for home entertainment called Cozmo has been shut down.

Anki says it’s laying off its talented employees after failing to raise enough funds to maintain the business and product development.

Anki has sold more than 1.5 million products in 2018’s, including the car-racing game Overdrive and Cozmo, a playful robotic pet as well as the newest smart robot, Vector.

It is pretty disappointing news for the toy robotics lovers.

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