Sifteo (MIT) raises $9M in Series B funding

Sifteo, an MIT spinoff that is building the tabletop gaming consoles, announced on Monday, May 10, the raising of $9M in Series B funding. The investors are Foundry Group and True Ventures, which financed the $1M Series A round. The funds will be used to launch a consumer product based on Siftables, which are cookie-sized computers with motion sensing, neighbor detection, graphical displays, and wireless communications.

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