Veebeam raises $6 million for its wireless PC-to-TV solution

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With the deluge of Internet-connected TVs and consumer-facing set-top boxes hitting the market, not to mention the soon-to-launch YouView IPTV platform in the U.K., it seems inevitable that sometimes kludgy and niche PC-to-TV solutions will continue to be squeezed. Why involve a PC for getting Internet video onto the television, if it’s not necessary.

But that not stopping a whole host of VCs pumping a further $6 million in to Veebeam, which offers a wireless USB streaming solution for getting content from a PC to the TV. The funding round was led by Amadeus Capital Partners, Intel Capital and Oak Investment Partners, reports paidContent. Bay Partners, Formative Ventures, Khosla Ventures and Vision Capital also participated.

Veebeam was founded in 2008 through a merger of Staccato Communications (San Diego, CA) and Artimi (Cambridge, UK), and is thought to have previously raised $20 million in equity funding during the merger, with Staccato reportedly having already raised $77.5 million. That’s a lot of cash, although hardware startups don’t run cheap.

Veebeam’s $99/£99 USB dongle and wireless transmitter/receiver means that anything that can be viewed on a laptop can be sent to a television, so in that sense it’s more versatile than dedicated Internet TV services but the experience is also less eloquent. As those Internet-connected TV services gain more content and penetration, one would hope that we can cut the cord so to speak from the PC altogether. At which point I’m not sure where that leaves Veebeam.

  • Jessica Fit

    Great news. Artimi already sucked up tons of Oak cash before going bust then being bought out of adminstration.

    Oak looking to make another great investment in a company with UK roots. Out of little acorns, big Oak investments grow.

  • Amber

    It’s going to be cool being able to watch those videos from your laptop to your HD TV, specially if it’s going to be in HD and it would be streaming wirelessly. But if you’re looking for an alternative, try these new releases from Netgear, With these devices, you can stream your videos from your laptop to a TV anywhere in your house. Pretty neat if you ask me.

  • alterseekers

    Here’s another awesome way to stream those HD videos from your laptop/computer on to your HDTV. If you’re looking for an alternative though, I suggest trying out the Netgear Push2TV product. This device makes use of the HDMI port on the HDTV and acts as a wireless adapter, displaying what you see on your laptop/computer on to your HDTV. So instead of connecting the laptop/computer via an HDMI cable, the Netgear Push2TV takes its place, and wirelessly streams the contents of your laptop/computer even if they’re in separate rooms in the house. To know more about Netgear’s Push2TV product, just check it out here, I’m sure you’ll love it too.

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