Chumby Raises $3M
Chumby Industries has raised $3 million through a combination of debt and security offerings, according to a filing with the U.S. Securities and Exchange Commission. The San Diego company makes a Web-enabled device called Chumby that is partly an Internet terminal, partly a stuffed toy, and partly a video player. As I reported, Chumby previously raised a total of $20 million in VC funding.
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