Electric Objects, a NYC-based developer of an Internet-connected screen that aims to connect Internet to walls, raised $1.7m in seed funding.
The round was led by Adam Ludwin at RRE Ventures and Phin Barnes at First Round Capital, with participation from SV Angel, Dennis Crowley, Alberto Ibarguen, Scott Belsky, Kal Vepuri, Scott Birnbaum from Red Sea Ventures, Rich Greenfield, and Matt Witheiler from Flybridge Venture Capital as well as existing investors Betaworks, Strauss Zelnick, Nate Westheimer, and Alex Rosen.
Led by Jake Levine, founder and CEO, Electric Objects intends to build:
1) An Internet-connected screen with integrated sensors and powerful graphics processing capabilities
2) Web and mobile applications for a community to collect and display images, animations, visualizations, and software
3) Partnerships with artists and institutions exploring creative digital expressions, and a store where users can discover, buy, and subscribe to their work
4) An open API, and a call for developers and artists to show what they would do with an always-on, connected screen
In order to explain his vision, Levine wrote a short essay.
FinSMEs
04/05/2014