Oblong Industries raises $65 million, image stability technology manufacturer MEMS Drive raises $11 million, CBS Orders Candy Crush game show, and more.
Oblong Industries Raises $65 Million
Oblong Industries, a developer of spatial, immersive, and gesture-enabled technologies, announced Tuesday that the company raised a total of $65 million during its expansion funding round thanks to investments from new and existing investors, reports the L.A. Business Journal. With the new investment, the company can now accelerate operations in product development, market-redefining innovations, and expand into new territories.
Image Stability Technology Manufacturer MEMS Drive Raises $11 Million
MEMS Drive closed an $11 million Series B round from led by venture capital firm Walden International, according to a press release. The manufacturer produces optical image stabilization actuators for smartphone cameras.
CBS Orders Candy Crush Game Show
CBS announced that has ordered a game show to be produced based on the popular mobile game Candy Crush, reports CNN Money. The one-hour live show will be developed by Lionsgate in collaboration with game maker King Digital, which is owned by Activision Blizzard, and will feature teams of two competing in a Candy Crush related format.
Faraday Future May Unveil Production Car in January
Faraday Future has announced that it might unveil a production car in January, reports Jalopnik. Speaking through a translator Jia Yueting, the chief executive of Faraday’s parent company LeEco of China, said the company would “perhaps” show off its first production car at the Consumer Electronics Show.