Update: Akimbo Actually Raised $4 Million
Contrary to earlier reports (including our own), former set-top-box-maker-turned-white-label-video-service Akimbo raised just $4 million in its latest round of financing. According to Thomas Frank, Akimbo CEO, the initial $8 million was a typo that got perpetuated. All investors except for Cisco returned for this latest round, including AT&T, Blueprint Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Sprout Group and Zone Ventures. Frank said that in total, Akimbo has raised $47 million.
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