Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

From Russia, With Robotics

Don't Miss Out —
Follow us on:
Dmitry Grishin
Dmitry Grishin, CEO of, wants0xA0to invest in companies that can sell robots for less than $2,000. Photographer: Simon Dawson/Bloomberg

Dmitry Grishin knows a lot about the virtual world, serving as CEO of , a Russian social networking and games website worth more than $6 billion. But when the 34-year-old decided to start his own company on the side, he opted instead for something far more physical -- robots -- stemming from his own childhood passion for playing with construction sets.

Last year, Grishin set aside $25 million to found Grishin Robotics, which invests in companies creating consumer robots.

"While information technologies and the Internet have made a giant leap in the last two decades, there have been no revolutionary breakthroughs in the offline world," Grishin wrote in an e-mail. "Robots may become one of them."

This week, Grishin Robotics invested $500,000 in Swivl , which makes a $199 robotic video device that can be used for online education. Last year, it invested $250,000 in Double Robotics , a developer of $1,999 telepresence robots that look something like unmanned Segways with cameras. And it has plowed $250,000 into RobotAppStore, a website offering software for robots.

Grishin wants to invest in companies producing robots that can sell for less than $2,000 -- anything more expensive is unlikely to gain much traction with consumers, he says.

"Once cheap and powerful smartphones became available to everyone, a boom in mobile applications happened," said Grishin, a graduate of the Faculty of Robotics and Complex Automation at Moscow State Technical University. "The same may be true with robots."

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.