Aereo raises $34 million to continue expansion into new markets

Aereo, a broadcast-television streaming service, has raised $34 million to continue expanding into new cities, bringing its total funding to $92.4 million. The service is currently available in Atlanta, Baltimore, Boston, Dallas, Denver, Detroit, Houston, Miami, New York and Salt Lake City.

Broadcast-television streaming service Aereo has raised $34 million of Series C funding to continue expansion into new markets, and add to the company’s headcount. The move brings Aereo’s funding to a total of $92.4 million following Series A and Series Bcapital infusions. Aereo CEO and founder Chet Kanojia (pictured above) will announce the recent capital raise at the Citi 2014 Internet Media & Telecommunications Conference on Wednesday morning. In addition to providing capital for new employees and technology, Kanojia said Aereo plans to push into five new cities.

Categorized as Technology

By Alfie Joshua

+Alfie Joshua is the editor at Auto in the News. Find him on Twitter, Facebook, and Pinterest.

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