Playground attracts corporates for $48m series A

Apr 8, 2015 • Thierry Heles

Google, Hewlett-Packard, Tencent, Seagate and Hon Hai Precision Industry have combined to help invest in newly formed accelerator Playground.

Playground, a newly formed US-based hardware accelerator focused on cloud-based technology, has raised $48m in series A funding from investors including internet company Google, the Wall Street Journal reported on Monday.

Computing firm Hewlett Packard (HP), contract manufacturer Hon Hai Precision Industry, which trades as Foxconn, computer storage manufacturer Seagate Technology, internet portal Tencent, and venture capital firm Redpoint Ventures also participated in the round.

Playground, launched in November 3014 by Andy Rubin, will not invest in startups, opting instead…

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