Entone, a company that specializes in IPTV home connectivity solutions, has secured $14.5 million in a Series B funding round. The round was led by Coral Capital Management, and included existing investors, Menlo Ventures and Scale Venture Partners. The company says that it will use the new funds to support growth of its business and to expand its product portfolio, which is targeted at telcos offering IPTV and broadband TV services. Following the closing of the funding round, Coral director, Chris Smith, has joined Entone's board. "Today's IPTV services have enjoyed tremendous growth," Smith said in a prepared statement. "With over 25 telecom operators choosing the Entone video gateway solution, Entone has emerged as a clear market leader. We are especially excited about the Entone product roadmap of media hub solutions developed to enable service operators to offer a new generation of television services that seamlessly blend broadcast television, time-shifted viewing, place-shifted viewing, Web-based services, and personal media."
Entone bills its flagship product, the Hydra IP Video Gateway, as eliminating the need for set-top boxes and new home wiring in order to deliver IPTV services. The company also offers media hub products that integrate advanced services with the Hydra gateway, including Web-based video, the ability to view photo libraries and other personal content on the TV, whole-home PVR, and TV place-shifting.
