What happened
Titan OS, a Barcelona-based developer of smart TV operating systems, has secured $46 million in a mix of equity and debt, TechCrunch reported. BlackRock-managed funds and accounts supplied debt facilities, while existing backers Highland Europe and Mangrove Capital Partners also took part. The round follows $58 million raised last year and lifts the company's total funding to $110 million.
The company said it could have opted to grow slowly without new capital but chose to raise in order to add partnerships and enter more regions. It now counts 30 million users, compared with 18 million a year earlier, and has signed Sharp, AOC, Vestel and Skyworth as partners since then. Philips has moved its 2026 models to Titan OS, dropping Google TV.
Titan OS plans to put the funds toward content discovery, using AI and interface changes and adding providers such as free ad-supported TV channels. Tobias Pfalzgraff, its SVP of people and marketing, said the company has no content of its own, unlike Google with YouTube, and is neutral in recommending what to watch. Newly appointed CFO Hyoung-Ung Kim said rising chip prices tied to the AI boom have pushed TV makers to deepen their partnership with the company.
Context
Titan OS pitches TV makers on earning more from each unit by running its operating system and sharing income from FAST channels and ads across screens. It also handles sales for TiVo in certain regions and for Tubi in the U.K. Over the past year it grew to 250 staff and opened a London office focused on advertising, adding to sites in Barcelona, Amsterdam and Taipei.
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