INSUBCONTINENT EXCLUSIVE:
This year has been a rough one for Sphero
The Colorado-based toy robotics startup kicked off the year with dozens of layoffs, a result of tepid interest in its line of Disney-branded
The company has raised another $12 million, bringing its total up to around $119 million, according to Crunchbase
The latest round will go into helping shape the BB-8 maker into an education-first company
Funding has/will come from existing and new investors and will be used for working capital as we engage in a larger strategy that focuses on
long been building out its play in the space, in tandem with its more consumer-focused offerings
releasing high-tech toys based on Spider-Man and Lightning McQueen from Cars
