AliBaba seems to be taking over
Smart remote software maker Peel has closed an additional $50 million in funding, supplied by Alibaba, the e-commerce giant which recently made its public market debut in the U.S. The company’s new funding is a strategic investment separate from its existing $45 million raised across four rounds, with the most recent announced in June, and brings its total rase since its founding in 2009 to $95 million. The new money will help Peel continue to expand its product lineup, which initially focused on hardware, but has since moved on to both its software app, and a development platform for broadcasters.
Peel’s app is available on both Android and iOS, and now counts 90 million users as its install base, with 5 billion smart remote commands issued via its software every month by way of engagement stats. The app originally essentially mimicked a hardware universal smart remote, and focused on providing…
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