Roku has secured an additional $25 million in funding, following the $60 million received last year, bringing the total amount Roku has raised to just over $150 million. VentureBeat reported the added funding that was disclosed in a SEC form D filed yesterday. However, when asked to provide any more details a Roku spokesperson told VentureBeat, “We are not disclosing any additional information not already mentioned in the filing.”
Roku, the streaming media box first launched in 2008, delivers hundreds of channel options compared to competitors Apple TV and Amazon Fire TV that carry about 40 each. The Roku 3 retails for $99, the same price as Apple TV and Fire TV. The company also sells a streaming media stick that competes with Google’s Chromecast device. The Roku streaming stick sells for about $10 more than Chromecast.
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