Sling-ing In The (Money) Rain

Sling Media, a stealth home networking/connected media device company, is about to receive a big tranche of venture money, Om reports. The lead investor is Mobius Venture Capital, while Microsoft (NSDQ: MSFT) is said to be coming in as a strategic investor.

The company’s device/technology allows recording to TV shows and streaming it over a personal IP network…In other words the shows recorded on your TiVo (NSDQ: TIVO) in Palo Alto can be watched over the Internet, say in Tokyo, describes Om. The data is streamed to you over a secure tunnel, and since it does not involve any downloading (only streaming), you cannot get into legal trouble.

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