The product enables people to watch TV shows on the go, by tapping into programs they record on TiVo or other places. News officially released tomorrow.
Update: Goldman, Sachs & Co., Liberty Media Corporation and Echostar Communications led the financing round. Allen & Co. LLC, DCM — Doll Capital Management, Mobius Venture Capital, The Hearst Corporation and other undisclosed investors also participated in the financing. Here’s press release (downloads file)