BOSTON -- (BUSINESS WIRE) -- Tivli, an innovative IP-based service that delivers live streaming television securely to university students on their devices anywhere on campus, today announces the renaming of its company and services to Philo.
Philo represents the company’s commitment to innovation and entertainment in television as it continues its rapid expansion fueled by its recent $6.3 million Series A funding.
“The company’s new name, branding and website demonstrate that Philo is an evolving, growing and thriving company that connects back to the core of its service – great television,” said Christopher Thorpe, the company's CEO. “Television has been America’s #1 pastime for generations, and we at Philo are committed to delivering the best experience to the next generation of TV fans – with the best new content when, where and how they want to watch it.”
With the renaming of the company, Philo is also announcing the broad rollout of its cloud-based DVR service that allows students to record their favorite shows and watch them at their convenience. The DVR service provides hours of recording space at no additional cost, as well as the ability to record unlimited simultaneous channels, and is available on all campuses served by Philo.
Philo began in a Harvard dorm room when co-founders Tuan Ho and Nicholas Krasney wanted a more convenient way to watch TV on campus and created the company’s first streaming service. After its initial launch at Harvard, Philo has grown to Yale, the University of Washington, Wesleyan University, and others, with more schools being launched this year.
Philo offers universities a cost-effective, secure television solution that runs over their existing IP, reducing external bandwidth needs while providing students with television entertainment the way they want to watch. Its innovative service offers students a one-stop, seamless experience to securely access the university's multi-channel TV lineup with a sleek interface, built-in guide and DVR. It is also rolling out integration with TV Everywhere and on-demand products like HBO GO, interactive content and social media integration.
The company’s recent investors include New Enterprise Associates (NEA), Felicis Ventures, Rho Ventures, CBC New Media Group of Raleigh NC, Home Box Office, Inc. (HBO), Mark Cuban’s Radical Investments and WME. The company's seed investors included NEA, Flybridge Capital Partners, the Experiment Fund, Felicis Ventures and TriplePoint Capital.
Visit Philo at www.philo.com.