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Sky ventures into consumer electronics with $2M investment in Caavo

Sky plc invested $2 million in TV-focused consumer electronics startup Caavo, Multichannel News reported Oct. 11.

While neither U.K.-based Sky nor California-based Caavo disclosed any product plans, Sky said the startup aims to provide products that allow for a better in-home entertainment experience, according to the report.

Established in 2015, Caavo's founders include Andrew Einaudi, Vinod Gopinath, Ashish Aggarwal and the late Blake Krikorian, the co-founder of Sling Media, who died Aug. 3.