Disney Accelerator Grad Sphero Finds $45M

Sphero, the Disney Accelerator company known for developing smartphone connected, robotic balls, has scored a big funding round--in part thanks to its involvement with the accelerator. Sphero, which was part of the first class of the Los Angeles-based startup accelerator last fall, said Tuesday that it raised $45M in the funding round, which was led by Mercato Partners, and also included The Walt Disney Company and other strategic investors. Sphero's technology is behind the new, star wars robot, BB-8. Sphero is based in Boulder, Colorado.