Boxee Raises $6 Million Series B
Boxee is an open source software company that developed a platform that integrates your own personal media with social media. This means that the service broadcasts what you are listening to or watching with other friends on social networks.
New York based Boxee raised $6 million in Series B funding, led by General Catalyst Partners. Spark Capital and Union Square Ventures also participated in this round. The company now has a total of $10 million in funding.
Avner Ronen said that he plans to use the capital to add more content and make the software more friendly for indie developers. The company also takes Internet video from the web and makes it more presentable for watching on TV. Boxee already works with Netflix, YouTube, and MLB.com but they had struggled to add Hulu.com to their service.
Ronen believes that content creators would have an easier time doing a deal with Boxee over other vidoe websites because of its unique applications and social features. Boxee accumulates hundreds of video services in one. Boxee claims to have about 600,000 users.
[via NYT]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry