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	<title>Betabeat &#187; Grishin Robotics Bets on Bolt, a Boston-Based Hardware Accelerator</title>
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		<title>Betabeat &#187; Grishin Robotics Bets on Bolt, a Boston-Based Hardware Accelerator</title>
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		<title>Grishin Robotics Bets on Bolt, a Boston-Based Hardware Accelerator</title>

		<comments>http://betabeat.com/2013/02/grishin-robotics-bets-on-bolt-a-boston-based-hardware-accelerator/#comments</comments>
		<pubDate>Wed, 20 Feb 2013 10:40:00 -0400</pubDate>
					<link>http://betabeat.com/2013/02/grishin-robotics-bets-on-bolt-a-boston-based-hardware-accelerator/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=79837</guid>
		<description><![CDATA[<p><div id="attachment_79843" class="wp-caption alignleft" style="width: 268px"><a href="http://nyobetabeat.files.wordpress.com/2013/02/screen-shot-2013-02-20-at-10-26-57-am.jpg"><img class=" wp-image-79843   " alt="Cutesy! " src="http://nyobetabeat.files.wordpress.com/2013/02/screen-shot-2013-02-20-at-10-26-57-am.jpg" width="258" height="154" /></a><p class="wp-caption-text">Cutesy!</p></div></p>
<p>New York's resident robot-loving VC firm has made its third investment--though this one is a bit of a different bet than the last two, <a href="http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/">RobotAppStore</a> (the name is pretty self-explanatory) and <a href="http://betabeat.com/2012/09/robots-dmitry-grishin-double-y-combinator/">Double Robotics</a> (which allows you to put your iPad on wheels, for the truly dedicated FaceTimer). Grishin Robotics has plowed an undisclosed amount of money into Bolt, a <a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">Boston-based </a>hardware accelerator.</p>
<p><!--more--></p>
<p>Logitech and Autodesk also kicked in a bit of capital, as did angel investors Mick Mountz (who has Amazon-acquired Kiva Systems to his credit) and the Foundry Group's Brad Feld. It's not clear who contributed how much, but <a href="http://www.bizjournals.com/boston/blog/startups/2013/02/hardware-startup-launchpad-bolt.html">the <em>Boston Business Journal </em>reports </a>Bolt recently informed the SEC it had raised $3.5 million.</p>
<p>Founder Ben Einstein recently <a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">told the </a><em><a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">Boston Globe</a> </em>that Bolt's focus will be connected devices: "We're thinking mostly about off-the-shelf components being combined in new ways, where you might have a new device that works with a web service, or plugs into a mobile phone."</p>
<p>In a statement released today, founder Dmitri Grishin made it pretty clear this move is made not necessarily with the hopes of a big jackpot, so much as <a href="http://betabeat.com/2012/11/tech-insurgents-2012-valery-komissarova-grishin-robotics-mailru-dmitry-grishin/">an eye toward </a>boosting the whole hardware scene:</p>
<blockquote><p>“The key to the upcoming consumer robotics revolution, I believe, is in the startup ecosystem. Talented hardware entrepreneurs, dreaming about a new generation of smart devices, do not have today a supporting community around, that is as developed as software developers do. That's why we have decided to invest in Bolt – this is an investment into the market's future."</p></blockquote>
<p>Bolt expects to accept 25 companies over the next two years and is now taking applications. Companies accepted get mentorship, seed money and access to both prototyping facilities and engineering/design staff. Hopefully, the accelerator's admins will also throw in a parka and a space heater for the winter class, because Boston is cold as hell.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_79843" class="wp-caption alignleft" style="width: 268px"><a href="http://nyobetabeat.files.wordpress.com/2013/02/screen-shot-2013-02-20-at-10-26-57-am.jpg"><img class=" wp-image-79843   " alt="Cutesy! " src="http://nyobetabeat.files.wordpress.com/2013/02/screen-shot-2013-02-20-at-10-26-57-am.jpg" width="258" height="154" /></a><p class="wp-caption-text">Cutesy!</p></div></p>
<p>New York's resident robot-loving VC firm has made its third investment--though this one is a bit of a different bet than the last two, <a href="http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/">RobotAppStore</a> (the name is pretty self-explanatory) and <a href="http://betabeat.com/2012/09/robots-dmitry-grishin-double-y-combinator/">Double Robotics</a> (which allows you to put your iPad on wheels, for the truly dedicated FaceTimer). Grishin Robotics has plowed an undisclosed amount of money into Bolt, a <a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">Boston-based </a>hardware accelerator.</p>
<p><!--more--></p>
<p>Logitech and Autodesk also kicked in a bit of capital, as did angel investors Mick Mountz (who has Amazon-acquired Kiva Systems to his credit) and the Foundry Group's Brad Feld. It's not clear who contributed how much, but <a href="http://www.bizjournals.com/boston/blog/startups/2013/02/hardware-startup-launchpad-bolt.html">the <em>Boston Business Journal </em>reports </a>Bolt recently informed the SEC it had raised $3.5 million.</p>
<p>Founder Ben Einstein recently <a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">told the </a><em><a href="http://www.boston.com/business/technology/innoeco/2012/02/bolt_new_accelerator_program_f.html">Boston Globe</a> </em>that Bolt's focus will be connected devices: "We're thinking mostly about off-the-shelf components being combined in new ways, where you might have a new device that works with a web service, or plugs into a mobile phone."</p>
<p>In a statement released today, founder Dmitri Grishin made it pretty clear this move is made not necessarily with the hopes of a big jackpot, so much as <a href="http://betabeat.com/2012/11/tech-insurgents-2012-valery-komissarova-grishin-robotics-mailru-dmitry-grishin/">an eye toward </a>boosting the whole hardware scene:</p>
<blockquote><p>“The key to the upcoming consumer robotics revolution, I believe, is in the startup ecosystem. Talented hardware entrepreneurs, dreaming about a new generation of smart devices, do not have today a supporting community around, that is as developed as software developers do. That's why we have decided to invest in Bolt – this is an investment into the market's future."</p></blockquote>
<p>Bolt expects to accept 25 companies over the next two years and is now taking applications. Companies accepted get mentorship, seed money and access to both prototyping facilities and engineering/design staff. Hopefully, the accelerator's admins will also throw in a parka and a space heater for the winter class, because Boston is cold as hell.</p>
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			<media:title type="html">kfairclothobserver</media:title>
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			<media:title type="html">Cutesy! </media:title>
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