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August 14, 2007
Scottish Startup Raises £1M For TV Signal Shifting
In early stage news today, Scottish Inxstor has raised £600K from Braveheart, the Scottish venture capital angel network, and backed by the Scottish Co-investment Fund, according to The Scotsman.
The new money will be used by the Dunfermline-based company to expand its product development programme and its technical team. It raised seed funding last year of about £400K.
The startup is a spinout from Infinite Data Storage, another Braveheart portfolio firm, that designs portable data storage devices for the consumer electronics market, says the press report.
The Inxstor website is not loaded with information, but from the reports we read, it will be delivering tech that supports Tivo-like television viewing, but it is calling it place-shifting rathern than timeshifting. It says it "allows the user to watch TV shows they usually receive at home" in any location on devices other than TV sets (such as mobile phones)."
That would mean you could get your pay per view tv channels on the road, we guess. There is copy-proofing and signal-stealing-prevention tech in there too -- the press reports mention DRM -- so that makes us wonder if you would have to pay more to the service provider for the privilege of watching something on a different box than the one you are already paying for.
Read -Inxstor Finds Place
Read - New funding takes Inxstor past £1m
Posted on August 14, 2007 07:45 AM | Posted to Interactive TV | News And Updates | Permalink
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