Oblong Industries Bumps Funding Round To $50M

Los Angeles-based Oblong Industries, the developer of gesture recognition and immersive collaboration platforms, has bumped its latest funding round to over $50M, saying in a regulatory filing yesterday that it has now raised nearly $45M in the funding. The funding looks to be an extension over an earlier, $15M close on the same round in February. Oblong has not yet announced any details on the round. The regulatory filing says that 9 investors participated in this latest funding. Oblong is led by John Underkoffler, and has previously raised funding from such investors as Foundry Group. More information »