This $850 machine will fold your laundry for you

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This $850 Machine Will Fold Your Laundry for You

Hate folding your laundry? You're in luck. Meet the FoldiMate, a laundry-folding robot. Its makers claim it can fold a load of laundry faster than you.

A California tech startup developed the FoldiMate, which can also steam, soften and perfume your clothes. The machine fits on a standard washer or dryer, or even on a table. It's a 21st-century device, so of course it's Wi-Fi enabled.

But it won't fold all your laundry. It doesn't fold large items, like linens, or small items, like socks or underwear.

And, this convenience comes at a cost. The team hasn't set a final price, but lists its target price between $700 and $850. The steam function will cost an additional $200 to $300, and perfume capsules will cost up to $40 extra.

Surprisingly, the product already has some competition. Japanese developers introduced a laundry-folding robot called the "Laundroid" last year. Laundroid doesn't require clipping the clothes to the machine, but it takes longer to fold. The developers reportedly plan to start selling it with Panasonic washers and dryers in 2018.

FoldiMate will start taking orders in 2017, with delivery expected by 2018.

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This $850 machine will fold your laundry for you

10. Cadence Design Systems
Median Total Compensation: $150,010
Median Base Salary: $140,000
Industry: Technology

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9. Guidewire 
Median Total Compensation: $150,020
Median Base Salary: $135,000 
Industry: Technology

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8. Boston Consulting Group 
Median Total Compensation: $150,020
Median Base Salary: $147,000 
Industry: Consulting

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7. Amazon Lab126
Median Total Compensation: $150,100
Median Base Salary: $138,700 
Industry: Technology

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6. VMware
Median Total Compensation: $152,133
Median Base Salary: $130,000 
Industry: Technology

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7. Google
Median Total Compensation: $153,750
Median Base Salary: $123,331 
Industry: Technology

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4. McKinsey & Company
Median Total Compensation: $155,000
Median Base Salary: $135,000 
Industry: Consulting 

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3. Juniper Networks
Median Total Compensation: $157,000
Median Base Salary: $135,000 
Industry: Technology

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2. Strategy&
Median Total Compensation: $160,000
Median Base Salary: $147,000 
Industry: Consulting 

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1. A.T. Kearney
Median Total Compensation: $167,534
Median Base Salary: $143,620
Industry: Consulting

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