MGT Acquires Ownership Interest in Technology Incubator Round House

MGT announced today that it has acquired a Membership Interest in The Round House LLC, an Alabama-based technology incubator, offering co-working space, accelerator services and angel investment.  Located a few miles from Auburn University, Round House was founded by Kyle Sandler, a successful serial entrepreneur with eight years of experience at Google and three major successful technology exits. With an experienced executive team, Round House has attracted top entrepreneurs from Google, E-Nable, Rockstar Games, American Express, and many more companies.  Round House offers start-ups a creative and collaborative environment along with two-way Gigabit internet access, 3-D printers and a full-time "community engineer."

Among the companies in which Round House has equity ownership is RecMed First Aid, founded by a local teenager, Taylor Rosenthal. This past Monday, Taylor became the youngest person to exhibit at TechCrunch Disrupt in New York. He has been featured on numerous national media outlets in the past several days, and Taylor has stated that RecMed is being courted by some large retail and healthcare companies.

Several companies within the Round House portfolio are cybersecurity related, offering MGT an early look into potentially disruptive technologies in file sharing, chat and other applications.