OUYA Raises Another Cool $15M, Launch Delayed to June 25th

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News Posted: Thu, May 9 2013 9:58 AM
Following a hugely successful Kickstarter campaign in which OUYA was able to raise nearly $8.6 million in funding from over 63,000 backers, the company behind the Android game console announced today that it's secured another $15 million from new investors. That's a total purse of around $23.6 million for a project that originally set out to raise just $950,000.

The $15 million funding round was led by Kleiner Perkins Caufield & Byers. If that firm sounds familiar, pat yourself on the back for your precocious game history knowledge. It's the same firm that originally backed Electronic Arts and includes investors such as Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners.

Ouya Console

What will OUYA use the sudden influx of cash for? Simply put, "to make OUYA everything it can be." OUYA says it can increase production to meet demand, and will continue to support game developers who are building titles for the $99 Android console.

OUYA also said that the demand it's seeing is "beyond our expectations," and to give itself some breathing room, the company decided to push the official launch date back by three weeks. The console's official debut is now scheduled for June 25, 2013. Early Kickstarter backers should still receive their consoles before the end of this month.
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I really thought that the OUYA would have a little higher specs than it does. I know that it is a mere 100 bucks, but I think they could have done a little better

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