Vidyo, which specializes in video conferencing technology, has closed a big round of financing. The company raised $25 million in a Series C round led by Four Rivers Group and joined by prior backers Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures.
This brings the total amount of capital invested in Vidyo to $63 million since its founding in 2005 – its last round totaled $15 million and was closed a little over a year ago.
Vidyo says it will use the additional capital to expand its sales and marketing efforts for its desktop and room-based HD multipoint video conferencing systems.
More on NewTeeVee.
Vidyo pioneered Personal Telepresence enabling multi-party video conferences using a personal computer, with HD quality over converged IP networks. Leveraging its patented technologies built on the new H.264 Scalable Video Coding (SVC) standard, Vidyo’s award winning products deliver the industry’s best error resilience and lowest latency videoconferencing over the Internet and general-purpose networks. Vidyo’s technology for OEMs and end-to-end product solutions for enterprises support point-to-point and multi-point connections that include a variety of different platforms ranging from Mac &...
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