Tag Archives: Sevin Rosen Funds
Vidyo Raises Another $11.5 Million For Videoconferencing Solutions
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.
Vidyo Raises $25 Million From Four Rivers, Rho, Sevin Rosen, and Star Ventures
Video conferencing company Vidyo has raised $25 million in Series C funding led by Four Rivers Group, Menlo Ventures, Rho Ventures, Sevin Rosen Funds, and Star Ventures. Vidyo has raised a total of $63 million since they started in 2005. About a year ago Vidyo raised $15 million. The additional funding will go towards expanding their sales and marketing efforts. [NewTeeVee]
Categories Four Rivers Group, Rho Ventures, Sevin Rosen Funds, Star Ventures, Vidyo
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Dennis Mudd Steps Down From CEO Position At Slacker
Dennis Mudd has stepped down as the CEO of Slacker over the weekend. However Mudd will remain on the B.O.D. Mudd stepped down so he could spend more time with his family. His daily tasks will be passed on to Jim Cady, the current COO and President of Slacker.
Mudd previously founded Musicmatch Jukebox, a company that Yahoo! bought for $160 million in 2004. Slacker raised $70 million in VC funding since the company started. Investors in Slacker include Austin Ventures, Mission Ventures, Rho Ventures, Centennial Ventures, and Sevin Rosen Funds.
Slacker designs a portable music player device. Slacker has BlackBerry and iPhone applications but they have quite a bit of competition.