Sezmi Raises $25 Million

Sezmi, a Belmont, Calif.-based developer of a set-top box that combines traditional television content with on-demand movies and Internet video, has raised $25 million in third-round funding. An unnamed strategic investors was joined by return backers Morgenthaler Partners, Index Ventures, Legend Ventures, Omni Capital and TD Fund. The company previously raised around $53 million, including a $33 million infusion last year at a post-money valuation of approximately $170 million.

16 November 2009•2 mins read
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