Aereo
HQ: New York
CEO: Chet Kanojia
New Funding: $38 million
Round: B
Backers: IAC, Highland Capital Partners, FirstMark Capital, First Round Capital, High Line Venture Partners, others
Aereo's created quite a buzz in the worlds of pay television and media connectivity thanks to a platform that allows users to access broadcast television using compatible mobile devices while on the go. The idea, according to Aereo, is that users can pause, rewind or fast-forward any program they're watching live in much the same way they can with their home DVR system. Membership plans begin at $1/day, $8/month or $80/year, and Aereo plans to launch in 22 cities over the course of 2013.
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