We are excited to announce a new round of funding from Foundry Group and True Ventures. We partnered with True when we formed the company last summer, and we’re proud to have Foundry join us now. This funding is going to allow us to ramp up and get the product out to the world!
We’ll be sharing more about what we are up to in the coming months, so stay tuned. Thanks to everyone for all your support! We’re plowing forward, full steam ahead, 88 miles per hour. (By the way, if you are smart & creative & hard-working & nice and interested in joining us, check out our job posts.)
If you aren’t that familiar with what we are doing, you can read a little press blurb we put together regarding this news, included here:
Sifteo Inc. Closes Series B Funding with Foundry Group and True Ventures
Sifteo Inc., a consumer electronics startup based in San Francisco, has raised $9M in Series B funding from Foundry Group and True Ventures. The company aims to launch the world’s first tabletop game console. Their product – Siftables – is a collection of smart physical tiles that enables new ways to play and learn. Siftables gained attention at TED 2009 when it was still a research project at MIT. The creators of Siftables, David Merrill and Jeevan Kalanithi, co-founded Sifteo in July 2009 to commercialize their technology.
The startup plans to use the funds to launch a consumer product based on Siftables, and is currently hiring for engineering and game developer positions. Sifteo previously raised $1M in Series A funding from True Ventures and is also supported by grants from the National Science Foundation.
Many thanks again to our growing community for all your support and feedback, from forwarding the TED video to friends, to following us on Twitter, Facebook, and our mailing list and volunteering to help us with play tests. It makes our work even more meaningful knowing we’re creating something that has the support of people all around the world.