Drones. Robots. Wearable devices. Internet-connected household appliances. These technologies are making the partners of venture capital firm Formation 8 — including Joe Lonsdale, a co-founder of data mining giant Palantir — see dollar signs. Formation 8 disclosed last week that it is seeking to raise up to $100 million for a fund focused exclusively on hardware.
Pictured above is one of the many slides, it specifically mentions open source hardware and Arduino. It’s interesting that they’re seeking $100m and part of what they say makes their model possible specifically is open source hardware and Arduino.