Vidyo, Inc., a Hackensack, NJ-based provider of Virtualized Video Conferencing solutions, raised $17.1m in funding.
The round was led by new investor Triangle Peak Partners, with participation from existing and other new backers.
The company intends to use the funds to accelerate sales, and continue to expand globally.
Founded in 2005 by Ofer Shapiro, CEO, Vidyo provides Personal Telepresence products that are designed to enable HD multi-point videoconferences on tablets and smartphones, PCs and Macs, room systems, that interoperate with legacy H.323 and SIP endpoints.
The VidyoWorks platform allows solution providers to integrate high quality visual communications into their applications, leveraging H.264 Scalable Video Coding (SVC) and the company’s patented VidyoRouter technology.
Vidyo is hiring (read here).