Veebeam Raises $6M for Wireless Video Streaming

Veebeam Angle

Wireless video streaming startup Veebeam announced this morning that it’s raised $6 million as part of a Series B funding round. The startup, which makes a wireless USB system for streaming from the PC to the TV, will use the funds as it ramps up production and start shipping product to customers.

Veebeam’s product offering includes a set-top box that connects to the TV and a wireless USB dongle that together enable users to send any web page or video stream from the PC to TV. While broadband set-top boxes like Apple TV, Roku and the Logitech Revue are limited by what web content they can connect to due to rights issues, the Veebeam solution enables users to connect to anything on the Internet. Also, since Veebeam uses the Wireless USB protocol, its streams are more reliable than if the PC and TV are connected via WiFi network.

Veebeam was formed by a merger of two startups in 2008, when Staccato Communications and Artimi joined forces, and took in $20 million after the companies merged. Not long after, Veebeam decided to go after the consumer market. The company announced its consumer product last month, and expects to begin shipping systems in the coming weeks.

According to Veebeam, the latest funding round was led by Amadeus Capital Partners, Intel Capital and Oak Investment Partners, and also included existing investors Bay Partners, Formative Ventures, Khosla Ventures and Vision Capital. Veebeam now has 40 employees spread throughout offices in Burlingame, Calif., Cambridge (U.K.) and Bangalore, India.

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