Anki Shutting Down

Anki, the robotics company that has raised over $200 million in venture capital, is laying off its entire staff and the startup is shuttering, Recode has learned. Sofman had told employees a few days earlier that the company was scrambling to find more money after a new round of financing fell through at the last minute, imperiling the company’s future. Despite being a popular choice at places like Toys R Us for its AI race cars, the company in recent years has tried to pivot from toys to becoming a more developed robotics company based on artificial intelligence.

Source: www.vox.com