Chumby Industries announced this week it has secured $12.5 million in Series B funding that will allow the company to accelerate growth of the company, and expand and broaden the Chumby Network to other screen-based Internet connected devices. (Chumbies are Wi-Fi connected gadgets that receive news and entertainment streams based on an open platform and a modified Linux kernel.) This is great news for Chumby fans who will hopefully soon see some new features and improvements to their gadgets.Along with the post above, it also shows that venture capitalists, who have been talking about supporting the open source community for a while now, are willing to put their money where their mouth is.
