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.
