taking another $20 million in financing, the videoconferencing start-up said on Friday.
Vidyo purports to offer "democratized" video collaboration by letting customers use
off-the-shelf laptops, desktops and mobile devices to operate at reasonable price points.
Put another way, Vidyo has sought to bridge the gap between million-dollar teleconferencing
services offered by Cisco and Hewlett-Packard and low-quality PC-based services like Skype.
“Vidyo works over public networks and can address the massive scale required for IoT
applications and can be integrated into a company’s workflow or business processes, at the right quality and price point,” Ofer Shapiro, Vidyo co-founder and CEO, explained in a Friday
Among other partnerships, the company has worked with HP to bundle its software on business PCs so users could more easily make video calls.
debut in 2005, Vidyo has now raised a total of $139 million.
The new funds came from existing investors, including Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners
and Juniper Networks.