Set-top box maker Roku has just closed a $60 million round of funding, the company announced today during AllThingD’s D11 event.
Roku has officially sold over five million set top boxes and proclaims that streaming will cannibalize cable.
Here’s something you probably didn’t know: Netflix abandoned plans to sell its own streaming “Netflix Player” device just weeks before it hit retail stores. That device would later become the first iteration of Roku’s set-top box.
Roku, a device that streams web content to televisions, has collected $8 million in funding, according to a form D filed with the SEC today. Roku confirmed the round and its lead investors Globespan Capital Partners and Menlo Ventures.