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Wednesday, February 3, 2010

Greiner's CyPhy Works raises $1.8M in funding

By Brendan Lynch

CyPhy Works Inc. has landed $1.8 million in funding, according to a U.S. Security and Exchange Commission filing.

The document says three investors participated in the round but does not identify them, though Cambridge-based General Catalyst’s Group V fund is listed as a “related person.”

CyPhy Works CEO Helen Greiner declined to comment on the funding.

In December, the company changed its name from the Droid Works to CyPhy Works and landed a $2.4 million research award from the U.S. Department of Commerce’s National Institute of Standards and Technology. The award runs for three years and has each of its winners working on ways to improve the inspection and monitoring of civil infrastructure — highways, bridges and dams — using unmanned aerial vehicles.

Greiner, who co-founded iRobot Corp. out of MIT with Colin Angle and Rodney Brooks, was named along with Angle as a Mass HighTech All-Star in 2007. She stepped down from her position as chairman of the board at iRobot in October of 2008.
 

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