Roku lands $45M in funding, plans hardware, media expansion
Roku, the maker of a popular player for streaming Web content to TV sets, has closed a new round of funding.
The company has landed a $45 million investment from companies including News Corp. and British Sky Broadcasting, it announced today.
Also participating in the round were prior Roku venture investors Menlo Ventures and Globespan Capital Partners, as well as an unnamed strategic investor. In addition to the cash injection, News Corp's chief digital officer, Jon Miller, has joined the Roku board of directors, while Roku CEO Anthony Wood remains chairman.
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