Pay TV Firm ZillionTV Raises $4 Million First Round

Santa Clara, CA-based ZillionTV, a provider of pay TV services, has raised a $4.01 million first round, according to PE Hub. Investors include Sierra Ventures and Concept Ventures. The company offers few details on its plans, though it appears to have previously been known as Vaenco, which is developing its own set-top boxes and a network for content delivery.