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Venture Capital News: Technical Machine Gets $1M Seed Round

2013-12-05
CAMBRIDGE, MASSACHUSETTS, Technical Machine has received a $1 million seed funding to develop its Tessel hardware.
An Olin Startup college giving software developers easy access to hardware tools has raised a $1 million seed round.

Technical Machine, a startup formed to sell the company's JavaScript-programmable microcontroller Tessel hardware, received the investment from True Ventures and Slow Ventures, according to published reports and the True Ventures corporate blog. Technical Machine will use the funds to relocate to the San Francisco Bay area (the headquarters of True Ventures) next summer.

Technical Machine seeks to empower software developers to make the next generation of physical, Internet-enabled devices from prototype to manufacturing. The company want to enable rapid development and iteration of big ideas.

Its flagship product, Tessel, is more than a programmable microcontroller; it's scalable and iterable. The base Tessel board and its simple, plug-and-play sensing and actuation modules are designed to be easy to prototype and iterate on an early-stage idea. It's even easier to update the code after the product has been deployed, and to use the modules to better understand how Tessel-enabled devices (Tesselations) are used. Satisfying Tesselations are then supported into device manufacturing. With Tessel, once you've tested your idea, you can scale it up and sell your device.
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