Popular Phone-to-TV Video Streaming Service, Flipps, Gets Investment from Tim Draper

Oct 09, 2013, 08:30 ET from Flipps

SAN MATEO, Calif., Oct. 9, 2013 /PRNewswire/ -- Multi-screen TV streaming service, Flipps, formerly iMediaShare, recently topped 8M installs following a personal investment from prominent venture capitalist, Tim Draper.

Tim Draper is founder and managing director of leading Silicon Valley venture capital firm, Draper Fisher Jurvetson. Draper's past successes include Hotmail, Digidesign, Baidu, Skype, and Tesla. Draper has stated that his goal is to support innovative companies that far exceed existing technologies.

"I was drawn to Flipps because it creates a scalable new TV distribution channel. It is an elegant user experience where TV goes mobile with instant cloud-based streaming," said Draper.

Flipps, formerly iMediaShare, is the first device-agnostic video streaming service. Unlike many over-the-top streaming devices on the market, including Google's recent Chromecast, the Flipps mobile app doesn't require an additional set-top box or TV dongle to work. Nothing has to be installed on the TV - no hardware, no cables, no adaptors, and no TV apps. Flipps is compatible with over 250 million existing television sets including more than 4,000 models from major manufacturers such as Sony, Samsung and LG. With 8M installs to date, Flipps is already the second most popular media streaming service next to Apple TV, which currently has 13M sales to date.

With a growing customer base and top tier backing, Flipps has already transformed the OTT industry. "We're beyond excited that Tim shares our vision of a simplified connected home experience -- one that empowers viewers to easily discover great content on a mobile device and flip it to any TV screen nearby," said Kosta Jordanov, co-founder and CEO of Flipps.

Flipps is available in Lite and HD ($4.99) in the Google Play and Apple App stores.

About Flipps

Flipps is the only mobile media discovery and control technology that delivers over-the-top video to the connected TV via existing hardware by streaming directly from the cloud. Flipps transforms the mobile device into a handheld remote that controls TV playback and allows multi-tasking while streaming. Flipps partners with selected publishers to bring viewers a wide range of content options, while expanding publishers' reach to almost any connected TV in the world.

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