Internet TV Streaming Device Company Roku Raises $8 Million
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Roku is an Internet TV streaming device company that has raised $8 million in funding according to a form D filed with the SEC earlier this week. The lead investor in this round is Globespan Capital Partners and Menlo Ventures. Google VP of TV and film entertainment Robert Kyncl also participated in this round.
Roku spun off of Netflix three years ago and recently launched the Roku 2 XS player product. The Roku 2 XS has games and motion controllers. The Roku 2 XS currently retails for about $100. Roku chief executive Anthony Wood is best known for inventing digital video recorder (DVR) technology.