Roku, Inc., a Saratoga, Calif.-based streaming software and services business, raised $60m in Series F financing.
Backers included Hearst Corporation as well as existing investors British Sky Broadcasting (BSkyB) and News Corporation.
The company intends to use the capital to continue to expand the business.
Founded by CEO Anthony Wood, Roku provides a streaming software platform for delivering video, music and casual games to the TV. The company is also working with two dozen OEMs who are making more than 3.5m Roku Ready® devices, predominantly TVs that will be in retail by the end of the year. Roku Ready devices access the Roku streaming platform through the Roku Streaming Stick, a small USB‐sized device sold by the same Roku.
26/07/2012: Roku Receives $45M in Funding