- posted in the KLR Blog
Venture capital firms in Boston may want to pay attention to the increased number of robotics firms in the state, according to the Boston Business Journal. There are at least 60 known robotics companies in Massachusetts, as reported by the Massachusetts Technology Leadership Council.
One of the most popular businesses - Bedford's iRobot - created the floor-cleaning disc Roomba. Another company, Boston Dynamics, built a product called LittleDog that scientists are using to "probe fundamental relationships among motor learning, dynamic control, perception of the environment and rough terrain locomotion," according to its YouTube page.
These and other companies may be in need of technology consulting services. For example, Liquid Robotics of California recently completed a $22 million round of financing that included minor investments from an oilfield services company and Stanford University, the Wall Street Journal reports. The company is currently valued at $70 million.
Nasdaq notes that another firm, Intuitive Surgical, has many hospitals and practices calling for its robotic surgical services. Using what's termed the "da Vinci" surgical system, a team of doctors controls a robotic device that makes tiny, precise incisions that reduce recovery time. The company's revenue rose 21.4 percent from Q2 2010 to Q2 2011.
KLR is one of the largest CPA firms in Boston, and offers assistance to venture capital firms. These include internal audit assessments as well as international tax services and specialized tax services such as cost segregation, research and development and energy studies. Due diligence for buyers and preparedness for sellers can also be provided during the acquisition process.