Bungie co-founder opens new mobile studio

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The co-founder of Halo developer Bungie Alex Seropian has raised $5m in investment for his new mobile studio Industrial Toys.

The Series A funding round was led by Accel Partners which has previously invested in companies such as Rovio and Supercell.

Today's tablets are just as good, if not better gaming platforms than the consoles we built games for in our past," said Industrial Toys CEO Seropian.

Develop has more on this story.