Foundry Group Leads New Round In Oblong Industries To Push Computing Into ?The Minority Report? Age

Oblong Industries just announced a Series B funding round led by The Foundry Group. Together with Morgan Stanley Alternative Investment Partners and Energy Technology Ventures (a GE-NRG Energy-ConocoPhillips venture) Oblong Industries is looking to further the development of its groundbreaking computing systems. That's not hyperbole either. MG spent some time with the company last summer and walked away very impressed. The Foundry Group, already an Oblong investor, led the new funding round with the two new partners. Financial details of the round were not released. When MG last reported on Oblong last summer, it already had positive cash flow for a year thanks to partnerships with companies for its boardroom collaboration platform, Mezzanine. They hadn't raised money since a Series A back in 2007 and still developed what is, quite possibly, one of the most impressive forms of computing to date.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/4OnpeKqzjBU/

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