littleBits closes its first round of financing, enters the Museum of Modern Art
BacklittleBits, a library of preassembled circuits connected by magnets, closed its first round of financing. The round included some of the biggest global and Arab tech figures such as the founder of MIT's Media Lab and the One Laptop per Child Association (OLPC) Nicholas Negroponte, former Creative Commons CEO Joi Ito, Investcom cofounder Taha Mikati and Aramex CEO Fadi Ghandour, in addition to a number of other angel investors. littleBits also entered the Museum of Modern Art, one of the most influential museum of modern art in the world.
Founded by Aya Bdeir, littleBits is a library of preassembled circuit boards, easily connectible by tiny magnets. Each bit has a simple, unique function (light, sound, sensors, buttons, thresholds, pulse, motors, etc), and modules snap to make larger circuits, making prototyping with sophisticated electronics a matter of snapping small magnets together.
There are over 50 littleBits modules right now the company is working on 30 new ones. The company also plans on working with teachers in the hope of bringing littleBits to schools and universities.