Belmont, Calif. - Sezmi, the developer of a TV set-top box that will also access Web video, has raised around $28 million of an expected $50 million third round of venture capital financing, PEHub.com reported, citing a regulatory filing.

Belmont, Calif. - Sezmi, the Belmont-based developer of a hybrid television platform that the company calls an alterative to satellite and cable, said that it will begin testing its service in unspecified pilot markets.

Belmont, Calif. - Sezmi on Thursday introduced its next-generation television platform, an alternative to cable and satellite services that combines digital over-the-air local broadcasts, broadband-delivered video, and channels beamed to the Sezmi set-top by local TV stations over unused portions of the broadcast spectrum.