Thursday, May 30, 2013

Roku Reels In $60M

Saratoga-based Roku, the provider of online television streaming hardware, has raised another big round of funding, the firm said yesterday. Roku said it raised $60M in a strategic investment round, from Hearst Corporation, BSkyB, and News Corporation. Roku said the Series F round will help it ready the company for growth. Roku is known for its streaming media players, which allow consumers to watch streaming video from Netflix and others on their television. More information »