Aereo announced that it has closed on a $38 million Series B round of financing, led by existing investors IAC and Highland Capital Partners. Previous investors from Aereo's Series A funding round, including FirstMark Capital, First Round Capital, High Line Venture Partners, and selected individuals, also participated in this second round of financing.
Aereo is a technology company that provides
consumers access to LIVE HD broadcast television on the Internet through
use of its remote integrated antenna/DVR technology. The company's headquarters are based in New York, but they have a development center in Boston.