Vidyo (News - Alert), Inc., a provider of software-based technology and product-based visual communication solutions, announced that it has raised $22.5 million Series D round of financing to help broaden its sales and marketing base as the company gears up to meet the increasing global demand for high-performing and flexible mobile, desktop, room, and virtually interactive telepresence systems. The company has, since 2005, raised a total capital of $97 million, including the $22.5 million Series D round of finances. The Series D round of financing was led by current investor QuestMark Partners and was attended by four of its other investors including Menlo Ventures (News - Alert), Rho Ventures, Star Ventures and Four Rivers Group.
In a release, Ofer Shapiro, CEO and co-founder of Vidyo, said, “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. 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.”
The company's innovative communication and collaboration platform, VidyoRouter, has been awarded 9 patents and has 27 pending patents. VidyoRouter which is a software-based platform has been designed to provide flexibility and can be customized to support conferencing needs of both enterprise customers and vertical markets. Architected on Vidyo's patented Adaptive Video Layering design, the platform incorporates the H.264 Scalable Video Coding (SVC) framework. Providing unparallel error resiliency, VidyoRouter's low latency and rate matching capabilities enable it to deliver improved video quality over LTE, 3G and 4G networks and over the Internet. Furthermore, the Vidyo platform is capable of supporting latest hardware designs over multiple devices. Since 2005, the company has been delivering H.264 SVC and SIP videoconferencing interoperability for a number of standards devices.
Tim Krongard, Partner at QuestMark Partners, said that, “The video conferencing market will undergo exponential growth in the next five years and new market leaders will emerge. Vidyo is leading the innovation charge in video conferencing today and has emerged as an industry-changing force as the market moves to mass deployment of integrated mobile, desktop and telepresence solutions. We are delighted to be part of Vidyo’s continued success.”
Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin’s articles, please visit his columnist page.
Edited by Rich Steeves