Vidyo D Round Nets $22.5M

HACKENSACK, N.J. -- Vidyo, Inc., the first company to deliver personal telepresence, today announced a $22.5 million Series D round of financing, bringing the total amount of capital raised by the company to $96 million since its founding in 2005. Existing investors, Menlo Ventures, Rho Ventures, Star Ventures and Four Rivers Group participated in the round, which was led by QuestMark Partners. Vidyo will use the funding to further expand its sales and marketing activities to address the global market demand for higher quality, more flexible and scalable mobile, desktop, room system and immersive telepresence systems.

“Vidyo is the only company that offers a telepresence solution that extends from an immersive room, to desktops and iPads or Android mobile devices, on a single infrastructure,” said Ofer Shapiro, CEO and co-founder of Vidyo. "Vidyo is fortunate to have outstanding investors who understand the architectural shift occurring in the market today and customers who will no longer pay the excessive cost of traditional telepresence when they can truly have more for less.”

Vidyo Inc.

Be the first to post a comment regarding this story.
Sign In