Thursday, March 8, 2012

Oblong Industries Raises Series B

Los Angeles-based Oblong Industries, the developer of gesture-based user interfaces which inspired the UI in the movie The Minority Report, has raised a Series B round of funding. Size of the round was not announced. The funding came from Morgan Stanley Alternative Investment Partners, Eneryg Technology Vntures, and the Foundry Group. The firm said the funding will go to fuel growth at the company, including using the funds to scale product commercialization and custom solutions development. Oblong's technology was spawned out of the MIT Media Lab. A recent regulatory filing from the firm indicates the firm had recently raised $15.8M out of an ongoing $25.0M funding round. More information »

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