Roku Raises Funds for Its Smart TV Platform

Roku announced it has received a $60 million investment during a series of funding, which the company said will be used for “growth around its streaming software and services businesses,” the company said.

Roku said it will be using the money to launch a new product for a line of smart TVs. “Roku is working with two dozen OEMs who are making more than 3.5 million ‘Roku Ready’ devices, predominantly TVs that will be in retail by the end of the year,” the company said.

Could Roku be launching a device-less OS for smart TVs? AllThingsD seems to think so, and has reported that’s what the company is planning as an expansion to its streaming media players and smart TV dongles.

Roku announced at CES this year 14 CE maker partners that have been Roku Ready-certified. Instead of TV set makers developing their own smart TV OS, Roku will serve as a default operating system for those sets via its streaming stick. [For more on Roku at CES, see TOR812]….

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