Techno-News Blog

December 30, 2016

Toys, Education Companies Invest $24 Million in Mobile Gaming Startup

Filed under: Uncategorized — admin @ 12:15 am

By Sri Ravipati, THE Journal

Several major companies in the toys and games industry have invested in a California-based startup that builds immersive games and content for its flagship iPad accessory.TechCrunch reported that Osmo, “an early entrant in IoT toys,” has raised $24 million in funding from Mattel, Sesame Workshop, Houghton Mifflin Harcourt and several venture capital funds. Osmo’s gaming system, designed for children ages 5–12, utilizes its own Reflective Artificial Intelligence technology to integrate physical puzzle pieces, blocks and other toys into a digital environment. With Pizza Co., for example, students learn business and math skills as they run their own virtual pizza shop using tangible money tiles that register on their iPad.

https://thejournal.com/articles/2016/12/13/toy-industry-leaders-invest-24-million-in-mobile-gaming-startup.aspx

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