Veebeam offers a $99/£99 USB dongle plus a wireless transmitter/receiver that streams anything viewable on a laptop to a TV. The product aims to bridge PC-based Internet video and televisions, making it more versatile than dedicated Internet-TV services. The company was formed in 2008 through a merger of Staccato Communications (San Diego, CA) and Artimi (Cambridge, UK). Hardware development and distribution have required substantial capital; the company is thought to have previously raised $20 million in equity during the merger and Staccato had reportedly raised $77.5 million prior. Market trends toward Internet-connected TVs and set-top boxes could reduce reliance on PC-to-TV solutions, which the article notes may challenge Veebeam’s longer-term position. The company’s financial position includes the newly announced $6 million investment round described in the reporting.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2010