Wednesday, July 30, 2014

3D Robotics Buys Sifteo

3D Robotics, the developer of personal drone and unmanned aerial vehicles headed by former Wired editor Chris Anderson, has acquired Sifteo, a developer of embedded computing products. Financial terms of the buy were not disclosed. Sifteo had initially been aiming its technology at the toy market, and was based on research out of MIT. Sifteo was venture backed by True Ventures and Foundry Group; 3D Robotics is venture backed by Mayfield. 3D Robotics has its engineering facilities in San Diego.