Former Pixar CTO's talking teddy bear raises $16M

ToyTalk, a "family entertainment" startup that makes a "smart," internet-connected, artificially-intelligent teddy bear, has secured a total of $16M million in institutional funding. The company was founded by former Pixar CTO Oren Jacob, and ToyTalk CTO Martin Reddy previously worked at the organization that built virtual personal assistant Siri. (Venturebeat)

[Update/Correction: ToyTalk corrects the original figures reported by Venturebeat, and tells Boing Boing: "ToyTalk is at 16M in total funding to date. The most recent Series A was led by CRV. Previous seed funding was led by Greylock with First Round Capital, True Ventures and a number of angel investors."]