Bug Labs, the do it yourself electronics device company, raises cash
Bug Labs, a New York company providing a do it yourself service for people who want to build their own electronic devices, has raised a third round of financing from Spark Capital, Union Square Ventures and Court Square Ventures, according to CNET.
Bug Labs wants to bring open source to hardware. It draws on outside developers to help fashion building blocks for personalized devices that non-techies can easily assemble. It is also backed by Robert Young, founder of open source company Red Hat.
Court, a new investor, led the latest round.
Bug Labs started shipping its products this spring. Its flagship component is a minicomputer called Bug Base, which serves as a starting block upon which customers can build other modules.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
