Video services

Sezmi Stacks More Cash

10:25 AM -- Sezmi Corp. has quietly raised another $17.31 million in funding, according to a filing last Thursday with the Securities and Exchange Commission (SEC) .

Sezmi, which is threatening cable MSOs with a low-cost hybrid broadband-broadcast TV service, did not identify the two investors in this round or what kind of revenues it's generated so far.

Word of the latest infusion follows news that Sezmi had greatly expanded the availability of its entry-level, $4.99 per month "Sezmi Select" service to a total of 36 markets, including Albuquerque, N.M.; Atlanta; Dallas-Ft. Worth; Detroit; and Philadelphia. That service tier still requires customers to purchase DVR/receiver for $149.99. (See Sezmi Sets Big Expansion

For now, the company's Select Plus tier, which costs $19.99 per month and includes access to almost two dozen linear channels, including Nickelodeon, CNBC, and VH1, is offered only in Los Angeles.

Sezmi, which has raised at least $88 million, could use the new cash to help it introduce Select Plus to additional markets.

Sezmi currently lists six investors: Western Technology Investment , Morganthaler Ventures , Index Ventures , TD Fund, Legend Ventures LLC , and OmniCapital Group LLC .

— Jeff Baumgartner, Site Editor, Light Reading Cable

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