Vidyo Raises $11.5M, Pushes Teleconference Trend
HD video conferencing solutions provider Vidyo had raised $11.5 million in funding, according to an SEC filing, though the company itself hasn’t confirmed the funding yet. Based on the “Related Persons” listed in the form (Form D), Star Ventures, Sevin Rosen Funds, Rho Ventures and Menlo Ventures participated in the funding round.
“Added to a $25 million round in April 2010, a $15 million round in March 2009 and others, Vidyo has now raised $74.5 million in total funding.”
Vidyo’s audience ranges from enterprises and small and medium sized business to nonprofits, and its clients include Google, Hitach, HP and Intel. In addition to a broad spectrum of cross-platform products, Vidyo offers diverse and potentially very cost-efficient videoconferencing options, making it very attractive to just about any organization which requires an internal video conferencing channel.
Vidyo had gained a lot of momentum lately, and that’s partially because of the boom in the teleconferencing industry. Earlier, OoVoo Mobile was launched for Android with an aim of outmatching Fring, FaceTime and Android’s Qik all at the same time. The app comes with a clean interface and advanced video management options, making it a force to be reckoned with for its competitors, at least on paper.
In addition to OoVoo, the video conferencing has also seen the launch of Logitech’s LifeSize Bridge 2200, an HD Video Conferencing solution with 16 ports. Cisco also launched Cisco umi telepresence, which connects existing HD televisions with the internet to power video teleconferencing, and provides yet another addition to an exploding market.
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