Roku Raising New $200 Million Round of Funding (Report)

Streaming device maker Roku is the method of raising a replacement spherical of funding, Fortune reported Friday. the corporate is wanting to lift a minimum of $200 million in new funding, consistent with the report. A Roku exponent declined to comment.

Roku has to date raised quite $210 million in funding over many rounds, with investors together with News firm., Sky, Viacom, William Randolph Hearst Corporation, Fidelity Investments, and Menlo Ventures. The new funding comes with a valuation of around $1.5 billion, consistent with Fortune.

Roku was supported in 2002 once it had been spun out of Netflix; the streaming service had at the start developed its own streaming hardware, however eventually set to support a wider array of hardware and not vie directly with TV manufacturers etc.#Roku Tech Support

Roku continues to be best renowned for its own streaming boxes, however, the corporate has additionally been licensing its package to TV makers also as TV service operators. Sky, as an example, is victimization white-labeled Roku hardware within the U.K. for its own services.

In January, Roku discovered that it currently features a thirteen % market share for sensible TV sales within the U.S., wherever it's the direct competitor with corporations like Samsung, LG and Sony. The corporate additionally claims to own thirteen million monthly active users across its streaming devices.#Roku Support