Roku Raises $45 Million

Roku, the Internet-powered set top box, has raised $45 million in funding from BSkyB, News Corp, Menlo Ventures, and Globespan Capital Partners.  BSkyB is a strategic partner Now TV on-demand with Roku as well.  Roku plans to use the funding to expand internationally, increase advertising, and invest in digital services/hardware.  News Corp’s Jon Miller will be joining Roku’s board of directors.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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