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Summary:

Boxee is looking to raise additional funding, the company confirmed Thursday. However, selling itself to a pay TV provider is also a possibility.

BoxeeTV-perspective

Boxee is trying to raise more money, a company spokesperson confirmed via email Thursday. The confirmation came after a report from AllThingsD’s Peter Kafka that the company was looking to raise $30 million. “We are doing another found of financing,” Boxee’s spokesperson told me, without elaborating further. Boxee has previously raised around $27 million over three rounds.

However, it looks like there’s a plan B: Kafka reported that the company may also be looking for an exit by trying to sell itself to cable or telco providers. Boxee’s new Cloud DVR product could help a TV provider to potentially replace their legacy set-top boxes with newer technology, and offer their subscribers unlimited cloud storage for their DVR recordings. Asked about this possibility, I was told that the company is “looking at all options.”

Check my unboxing video of the Boxee Cloud DVR below:

  1. I already predicted the demise of Boxee due to the piece o’ shit they just released.

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  2. If they sell it to the right company it could be a good cable box. I see some cable companies try to go for the cloud dvr box which is a cool feature kind of like sling box to watch your shows when you’re not home.

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