The online content streaming company, backed by Hearst and News Corp, has increased its overall funding to $150m as reports suggest it is preparing to go public.
Roku, a US-based television internet streaming company backed by corporates including media conglomerates Hearst and News Corporation, has raised $25m from undisclosed sources, according to an SEC filing.
Roku was founded in 2002 by Anthony Wood, the inventor of the digital video recorder. It provides free and paid online programming that can be streamed through a set-top box.
The company has now secured more than $150m in funding since it was founded in 2002, and has confidentially begun talks with…
