Sling Media gets $10.5M in funding – Silicon Valley / San Jose Business Journal:
of San Mateo, says it's received $10.5 million in Serie A funding from , and undisclosed strategic investors. Terms of the investmenyt were not disclosed. "An enormous gap exists between what is possiblewith today's digital entertainment technology and its usabilityh by consumers. It is our position that 'CE' shoulfd stand as much for consumer experience as it does forconsumedr electronics," says Blake chief executive officer of Sling in a written statement. The company says it's readyin its first product — the Slingbox Personal Broadcastefr — for market.
It's described a device that allows userds to enjoy their entire live TV experience from any viaany network, anywhere in their home or aroune the world. The Slingbox connects to and "placeshifts" content from any cabls box, satellite receiver, or personal video recorder. It'e expected to be in the market during the firs quarterof 2005, the company
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