Titan OS raises $46 million to expand its smart TV OS internationally

Barcelona-based smart TV operating system maker Titan OS has raised $46 million in new funding, consisting of both equity and debt, the company announced on Wednesday.

The money comes from debt facilities provided by funds and accounts managed by BlackRock, along with existing investors like Highland Europe and Mangrove Capital Partners. The startup, which secured $58 million last year, has now raised $110 million in total. The company said that it could have chosen not to raise money and grow slowly, but it wants to be more ambitious to create more partnerships and expand into more geographies.

Titan OS’s promise to TV makers is that it offers better value from their unit sales by loading an operating system where they can generate money through partnerships with FAST channels (free ad-supported television) and ads on different screens.

The company now serves 30 million users, up from 18 million last year....

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