In June 2019, Tubi announced it had over 20 million active monthly users, and later in September, the company reported that users had streamed 132 million hours of content. In May 2017, they raised US$20 million in a round of funding from Jump Capital, Danhua Capital, Cota Capital, and Foundation Capital. Tubi was founded by Farhad Massoudi and Thomas Ahn Hicks of AdRise in San Francisco, launching in 2014 as a free service.
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