A company called Inxstor, based in Scotland, received $1.2 million in funding for its TV place-shifting technology. Investors included Scottish venture firms Braveheart Ventures and the Scottish Co-investment Fund.
Inxstor was founded in 2006 as a spin-off from Infinite Data Storage.
It said it has already signed a deal with set-top box maker Pace Micro Technologies.
According to PaidContent:
“But Inxstor’s unique selling point is that it claims to be the only one of these that allows content to be accessed remotely in a secure way, writes the Scotsman.”
Competition will come from other place-shifting companies like Orb, a relative newcomer and Sling Media, which already has a huge market lead. Another new place-shifting company is CMWare, which announced in September 2006 that it received an undisclosed amount of funding.
From: Digital Media Wire and PaidContent.
Technorati Tags: Inxstore, Orb, Sling Media, Slingbox, CMWare, Place-Shifting, TV
