Another robot company to watch for is Mayfield Robotics.
Mayfield makes Kuri, another consumer-friendly robot that’s featured at CES 2017.
This robot wanders around your home, acting as your personal assistant. Kuri can answer questions as well as monitor your pets, children or aged parents. It can help monitor your house and do things for you that would currently require a PC, smartphone or tablet using services such as Google, Skype, etc.
The key to Kuri’s adoption as a household robot is that it offers convenience and a new benefit – the ability to monitor people, pets and things you value when you’re not home.
Mayfield is selling Kuri for $699.
Profit From the Revolution
Now, Kuri and Cozmo are likely to be successes and could launch the companies that make them significantly higher once they start trading on the stock exchanges.
But the really massive robot opportunity in the IoT mega trend is in the use of machines in industry and business. That’s where I believe you’re going to find the Google-type winners in the stock market. Google has soared more than 1,500% since its IPO in 2004.
And in time, some of these IPOs will generate even bigger gains – like Cisco’s gain of 40,000% during the last tech boom.
You can capture some of the gains from the IoT robot opportunity by buying a specialty exchange-traded fund (ETF), such as the Renaissance IPO ETF (NYSE Arca: IPO), or a focused ETF, such as the Robo Global Robotics & Automation ETF (Nasdaq: ROBO).