Video conferencing company Vidyo has raised $11.5 million in funding, an SEC filing reveals. Less than a year ago, the company raised $25 million from several VC firms – this financing round brings its total to $73.5 million.
Vidyo enables multi-party video conferences that feature HD-quality, face-to-face interactions over regular IP networks using commodity desktop systems as endpoints. Its technologies leverage the H.264 Scalable Video Coding (SVC) standard.
Vidyo has built a considerable business licensing its technologies to large electronics companies such as HP, Intel and Hitachi. Vidyo’s technology is also used by Google to power video for Google Chat.
In a recent conversation with TechCrunch, Vidyo CEO Ofer Shapiro said the company was betting big on bringing enterprise-class videoconferencing to the iPad and the iPhone.
You can see a video here.
We’ve contacted Vidyo to learn which investors participated in the new equity round – previous backers include Menlo Ventures, Sevin Rosen Funds, Star Ventures, Four Rivers Group and Rho Capital Ventures.
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 &...