Vidyo Raises Another $11.5 Million For Videoconferencing Solutions
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Vidyo is a video conferencing company that has raised $11.5 million in funding. The company now has a total of $73.5 million and they raised $25 million less than a year ago. Vidyo lets multiple people talk in one video conference with HD quality through IP networks. Vidyo also lets you use the H.264 Scalable Video Coding (SVC) standard. Vidyo powers video for Google Chat and licenses its technology to HP, Intel, and Hitachi. Vidyo CEO Ofer Shapiro said that the company is adding its video technology to the iPad and iPhone. Menlo Ventures, Sevin Rosen Funds, Star Ventures, Four Rivers Group, and Rho Capital Ventures participated in this round of funding.