Boston Business Journal: CyPhy Emerges From Stealth with Two New UAVs

The company was founded in 2009 as The Droid Works by Helen Greiner, one of three co-founders of iRobot Corp. who stepped down from her position as chairman of the board at the Bedford company in October 2008. Greiner later changed the name so as not to be confused with Android smartphones. It has filed with the Securities and Exchange Commission for the receipt of $3 million in equity so far, from General Catalyst Partners of Cambridge, and also got a $2.4 million research award from the U.S. Commerce Department’s National Institute of Standards and Technology in 2009.

Source: Boston Business Journal