What Will Boxee Do with $16.5 Million in New Funding?

Paul Lilly

Boxee closed a $16.5 million round of financing led by new investors Pitango and Softbank, as well as prior investors General Catalyst, Spark Capital, and Union Square Ventures. That's $10.5 million more than Boxee's last round of funding, at which point the Boxee team consisted of 12 employees banging out code to bring the media center's software out of alpha. And now? Boxee's team is 34 members strong, the software is in version 1.0, and the Boxee Box is shipping around the world. Where does Boxee go from here?

"We are more hungry and driven than ever," Boxee's Avner Ronen said in a blog post . "Less naive, but dreaming even more ambitious dreams. We are also recruiting, so if you are a Boxee fan and passionate about what we're doing then maybe you can join us in NY or TLV."

Those interested can check out Boxee's jobs page . The rest of us can sit back and see where the funding takes them, Ronen said the funding will allow Boxee to build new functionality, add more content, and partner with more device makers, including an Iomega Boxee NAS device that's in the works and a ViewSonic brand TV based on Boxee.

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