Wednesday, March 31, 2010

Vidyo Secures $25 Million for Videoconferencing

Vidyo, a start-up based in Hackensack, New Jersey, announced a $25 million Series C round of financing to support is personal telepresence solutions.

Vidyo enables multi-point videoconferences on desktop computers and room systems over the Internet and wireless networks Its patented VidyoRouter architecture delivers H.264 Scalable Video Coding (SVC) that eliminates an MCU while delivering high error resilience and low latency.

The new funding brings the total amount of capital raised by the company to $63 million since its founding in 2005. All existing investors, Menlo Ventures, Rho Ventures, Seven-Rosen Funds and Star Ventures, participated in the round, which was led by Four Rivers Group.

  • Vidyo is headed by Ofer Shapiro (CEO and co-founder), who previously spent eight years at RADVISION where he was responsible for the development of the first IP video conferencing bridge and gatekeeper technology. Ofer was also a contributor and one of the editors of the H.323 standard. Vidyo's other co-founder is Dr. Alex Eleftheriadis (Chief Scientist), who was an Associate Professor of Electrical Engineering at Columbia University. He holds 12 patents, has served as the Editor of the MPEG-4 Systems specification, and is currently co-editor of the H.264 SVC Conformance specification.