Headquarters: Hackensack, N.J.
CEO: Ofer Shapiro
New Funding: $17.1 Million
Backers: Triangle Peak Partners, inside investors and undisclosed new investors
Vidyo enables HD multipoint videoconferences on a range of devices, including tablets and smartphones, which interoperate with legacy H.323 and SIP endpoints, telepresence solutions and cloud-based video conferencing. In addition, the company's solution-provider platform supports H.264 Scalable Video Coding (SVC). Vidyo will use this funding to further extend sales and marketing. The company reported 68 percent year-over-year billings growth last year.