Android Gaming Console Startup Ouya Raises $8.6 million From Kickstarter

On Thursday, Ouya’s Kickstarter campaign came to an end with the project having raised nearly $8.6 million from 63,416 backers. The startup is led by former IGN executive Julie Uhrman, whose goal was to build an affordable console based on the Android operating system. In an effort to gain additional funding, Uhrman enlisted the help of crowd-sourcing website Kickstarter on July 10th. The project was an immediate hit, reaching its funding goal of $950,000 in less than eight hours.

The Ouya will be a $99 Android-powered gaming console that is built for TV screens. The device is equipped with an NVIDIA Tegra 3 processor and features 1GB of RAM, 8GB of flash storage, HDMI output, Wi-Fi, Bluetooth 4.0 and a USB 2.0 port.

Throughout the campaign, Uhrman and her team launched new partnerships that saw Ouya gain additional content from providers such as OnLive, VEVO, iHeartRadio and XBMC. The Ouya game console is expected to ship to Kickstarter backers in March 2013.

Via: BGR

Team TechPanda

Recent Posts

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

4 days ago

Bitcoin in 2025: Still a Smart Investment?

The first time I heard about Bitcoin was in the summer of 2018 during a casual conversation…

5 days ago

An Open-Source Exploit That Redefined Cybersecurity

Open source software is everywhere—used in almost every modern application—but the security challenges it faces…

5 days ago

KIP Protocol completely denies involvement in $LIBRA token incident

Argentine President Javier Milei is facing impeachment after the cryptocurrency he endorsed called $LIBRA crashed…

6 days ago

Will India reach US$500 B in electronics production by 2030?

India is targeting US$500 B in electronics production by 2030. Last year July, Niti Aayog…

1 week ago

How India can accelerate its ongoing AI revolution with Intelligent Engineering 

The IMF predicts that more Indians will use AI every day than in any other…

1 week ago