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Ninja Blocks Goes Bust

Ninja Blocks Goes Bust

Ninja Blocks has been building and selling home automation systems that allow users to control electrical devices via a smartphone.

The company was launched three years ago and grew through sales and a series of successful crowdfunding campaigns, raising $103,000 in 2012 and $164,000 in 2013.

But the company said that it was receiving far below what it would expect to get “somewhere else” and its burn rate could not be sustained.