HACKENSACK, N.J. -- Vidyo, Inc., today announced a $17.1 million round of financing, bringing the total amount of net capital raised by the company to $116 million since its founding in 2005. The financing was facilitated by strong support from inside investors and the addition of several new investors. Vidyo will use this funding and increased access to capital to accelerate its fast growing sales, expand global market share and broaden the adoption of its unique software based, VidyoWorks platform.
“Vidyo has proven itself as an innovator in the video conferencing market and has sparked the mass adoption of its technology, which is changing the landscape of visual communications,” said Dain DeGroff, co-founding Managing Director, Triangle Peak Partners, the lead new investor. “We are delighted to be a part of Vidyo’s successful growth.”