Wednesday, July 30, 2014

Foundry Backed Interactive Toy Maker Sifteo Acquired

Sifteo, a developer of interactive toys known as "Sifteo Cubes", has been acquired by robotic drone and unmanned aerial vehicle (UAV) maker 3D Robotics. Financial terms of the buy were not disclosed. Sifteo was venture backed by Boulder, Colorado-based Foundry Group, along with True Ventures, and is one of a number of robot-related enterprises backed by Foundry Group. Sifteo was based in San Francisco, and had initially received funding from Foundry Group back in 2010.