Monday, April 27, 2009

Ugobe Files For Chapter 7

Ugobe, the make of life-like, robotic toy Pleo, has reported filed for Chapter 7 bankruptcy. According to the Idaho Business Review, Ugobe filed for Chapter 7 on April 17th; the firm's web site has now reverted to the firm's ISP. Ugobe was previously headquartered in Emeryville, and was venture backed by such investors as the Bank of Angels, First Round Capital, Frontier Management Group, Hyield Venture Capital, and Maxima Capital.