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"Late last year, Android co-founder Andy Rubin left Google \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tGOOG\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t to launch what was described as a hardware incubator. Now it seems that he&amp;#8217;s got a lot of money to work with.\nRubin&amp;#8217;s group, called Playground Global, has raised $48 million, according to a regulatory filing. It is structured as a venture capital fund, with no investors identified in the filing.\nIn addition to Rubin, Playground&amp;#8217;s board of directors includes co-founder (and ex-Microsoft exec) Peter Barrett, Rubin&amp;#8217;s former Google (and Danger) colleague Matt Hershenson and WebTV co-founder Bruce Leak.\nUPDATE: The WSJ followed up with a story saying that investors in Playground Digital include Google, Hewlett-Packard \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tHPQ\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t , Google, China&amp;#8217;s Hon Hai Precision Industry Co. and Redpoint Ventures (where Rubin also will serve as a venture partner).\nGet Term Sheet, our daily newsletter on deals and deal-makers."^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2015/04/06/ex-google-exec-andy-rubin-raises-48-million-for-hardware-incubator/>