Layer3 TV, the secretive startup that calls itself a “next-gen cable company,” announced that it has closed $51 million in second-round funding, led by previous investors Evolution Media Partners and North Bridge Venture Partners. The startup, formed in 2013, said it will launch some kind of virtual pay-TV service later this year — but so far, it has shed no light on what that will be, exactly, or how it will stand out in an increasingly crowded field.
Source: Layer3 TV Raises $51 Million Funding for Virtual-Cable Service | Variety