Announced earlier this week, Spawn Labs version of the Slingbox for gamers is backed by $1 million in Series A round funding, according to the Austin Business Journal.

Spawn Labs' HD-720 is a set-top box that plugs into your console and allows you to play streamed console video games over WiFi via your PC laptop anywhere in the world.

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The box will sell for $200.

The Journal reports that a financing deal with Trailblazer Capital will be used to fund the companies manufacturing and salaries for six full-time workers.

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Spawn Labs launches first gaming product