Grishin Robotics launched today, taking the title as the pioneer company in global investment focused solely on personal robotics.

The New York based company was created by Dmitry Grishin, co-founder of Mail.Ru Group, a leader in Russian Internet services. Grishin Robotics invested $25 million into the new company, which has the mission of providing personal robotics technology to everyday people and to create an environment focused around global robotics.

"The robotics industry is uniquely positioned to leverage recent innovations made in software, Internet and smartphones, combining them to make a tremendous global impact. We are at the start of a transformative period for robotics that requires a new breed of risk takers to drive mass market adoption," said Grishin to Market Watch.

Grishin Robotics hopes to broaden the scope of the industry and show people how robotics can not only improve all areas of work, but also the lives of everyday people.With the capability of making a difference in the lives of people worldwide, robotics can be used in assisting the elderly and  can give the youth an innovative way to learn and explore.  

"Over the last several decades, global investment in innovation has been mostly focused on computing and Internet technologies, to great success. Despite the potential of robotics to dramatically impact our everyday lives, investment in this area has been limited," said Grishin.

In recent years technology has allowed for robotics to be created at a much cheaper cost than it was in the past.

Grishin intends on investing in smaller companies in hopes of both creating bigger companies and helping to continously spurr the interest in robotics.