$30 million raised by Makeblock for robot-building kits for kids

Drone Svd Techtalk

One a time when the kids could simply play with their toys can you remember that? Still, they can.

Makeblock but nowadays where parents are increasingly spending on toys that are chockablock with tech components, and they promises’ to turn children mind to the software developer or robotics engineers.

last month the toy Industry Association, was held International Toy Fair in New York , was found robotics-education as a major trend for the market in 2017.

Now a startup called Makeblock which is Shenzhen-based has raised $30 million in Series B venture funding to provide all those parents with programmable robots, and robot-building kits for teens and kids. In 140 countries Makeblock has customers and products being used by educators in 20,000 different schools Claimed by Makeblock which is worldwide today.

The startup’s best-known products in the mBot series have included programmable rovers.

And the Airblock, a modular toy drone that even beginners can assemble easily.

But the company has its wide own verity of geeky toys, with some which are most whimsical.

For example, its Music Robot Kit includes a xylophone, and a motorized hammer.it can play a certain score if it built and programmed successfully or users can bang out notes from a remote PC keyboard.

Drone

Image Credited to Techcrunch

Makeblock uses a graphical programming environment to turn code writing into a game of something. Users or can say beginners never have to write and edit the code to issue commands to their robots.It’s like puzzles they just have to place game pieces on a screen in a certain order.

The investment led by Evolution Media China and Shenzhen Capital Group to Makeblock.

The capital should help the startup and built a graceful compete against a wide variety of tech toy makers that sell kits and apps that can teach the kids some programming fundamentals.

LittleBits, SparkFun, ArcBotics, Flybrix and many more competitors even the makers of robots that are like Wonder Workshop and Ozobot which are programmable also out of the box.

Without a lot of money or technology the CEO of Makeblock, Mr. Jasen Wang born and grown up in a small village. He said” that He personally only touched a computer himself for the first time in college, learning to code relatively late in his life. But his passion for technology made him want to bring more young students into the maker movement, that’s why he started Makeblock in 2011.

Hiring, new product development, manufacturing and international expansion the company has a full plan for use their funding. Among other things, it plans to open an office in the US.

The births of “next-generation Lego” in Makeblock Investors are seeing the possibility the CEO said.

To boot, in the “juvenile products” industry mergers and acquisitions have been robust in recent years,

To move in markets with toy companies where they are not already expert they often acquiring teams or businesses.

In other words, the prospects for an exit look good even for companies that may not hold out for an IPO on a major exchange.

About the author

Dipankar

Dipankar is a web designer , Entrepreneur || passionate tech blogger & Co-founder of SVDTECHTALK.

Leave a comment: