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Roku Raises $8 Million in Funding

16 Aug, 2011 By: Erik Gruenwedel

Streaming pioneer’s fourth round of venture capital funding underscores rollout of smaller wireless players capable of gaming

Roku, the Saratoga, Calif.-based company that helped launch Netflix streaming in 2008, has secured $8 million in venture funding.

The funding reportedly comes from a group of investors that include Robert Kyncl, VP of film and TV entertainment with Google; Menlo Ventures; Globespan Capital Partners; Roku founder and CEO Anthony Wood; CFO Oliver Huff; and Jim Funk, VP of business development.

Last month Roku rolled out slimmer versions of its players, which include wireless and Bluetooth 3.0 functionality, HDMI and microSD slots.

The new high-definition players also include a preloaded edition of casual video game Angry Birds. A separate $30 remote control is available as well.

Roku players are available at Radio Shack, Fry’s Electronics, Walmart and Best Buy.

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