Friday, October 29, 2010

Sling Media gets $10.5M in funding - Silicon Valley / San Jose Business Journal:

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of San Mateo, says it's received $10.5 million in Series A fundingfrom , and undisclosedc strategic investors. Terms of the investment were not "An enormous gap exists betweehn what is possiblewith today's digital entertainmentg technology and its usability by consumers. It is our position that 'CE' should stand as much for consumer experience as it does forconsume electronics," says Blake Krikorian, chied executive officer of Sling in a written statement. The compang says it's readying its first product -- the Slingboz Personal Broadcaster -- for market.
It's described a device that allows users to enjoy their entire live TV experiencw fromany device, via any anywhere in their home or aroune the world. The Slingbox connects to and content from anycable box, satellite or personal video recorder. It's expecte d to be in the market during the first quarter of thecompany says.

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