Peel Raises $16.7 Million To Turn Your iOS Device Into Universal Remote

Posted May 3, 2011

Peel is a start-up company that has raised $16.7 million in Series B funding to turn your iOS device into a universal remote. Ravi Mhatre of Lightspeed Venture Partners led this round of funding. Redpoint Ventures and other seed investors participated in this round.

Peel has developed hardware that communicates with the iOS device and the television set. The hardware looks like a pear fruit and it can be bought from Apple retail stores for $100. Peel’s application can be downloaded from the App Store. It takes about 10 minutes to install everything.