High-profile startup Ninja Blocks pulls the plug as money dries up

[1] Internet of things startup Ninja Blocks has closed down for lack of funds.

[2] Ninja Blocks’ home automation product Ninja Sphere exceeded its Kickstarter funding goal and successfully raised $703,000, but also blew on its budget.

[3] The startup company decided to close so that they could repay their creditors and deliver the Spheres that were promised to their clients.

[Source] Australian Information Technology News – High-profile startup Ninja Blocks pulls the plug as money dries up