Vidyo Raises $20 Million to Address Visual Communication in “Internet of Things”

Today Vidyo announced a $20 million round of financing to accelerate the company’s efforts to deliver visual communication solutions that address the explosion in the “connected world” as millions of new devices, appliances, services, platforms and workflow/business processes connect businesses and individuals online at work, at home, in their car or through wearables.

 

VidyoWorks-Addressing-IoT[4]

 

Every day there are announcements of new connected solutions or applications in healthcare, banking, government or enterprise solutions visually connecting people at work. Vidyo makes it possible today to integrate visual communication into these applications, and many others, anywhere, using commodity devices that exist today and will support new applications as they emerge. While the focus of the ‘Internet of Things’ up until now has been on machine-to-machine applications, we are seeing strong demand to visually connect people into workflows for person-to-person applications in the workplace, on the road or at home, all federated with the Internet of Things. We recently spoke with Don Clark from The Wall Street Journal about our vision of how Vidyo will power new applications in the Internet of Things.

Vidyo is powering integrated visual communication in large-scale online banking, healthcare, government and enterprise applications. Vidyo technology is currently deployed in individual networks with capacity exceeding hundred of millions of minutes per year, in other networks exceeding 1,200 VidyoRoomTM systems, and in new form factors and applications such as hospital beds and gaming systems. 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. Click here to learn more about integrating visual communications into any device, any network or any application.

 

Ofer Shapiro, Vidyo co-founder and CEO, has been an innovative force at the heart of major architectural transformations in the videoconferencing industry since 1996. He was integrally involved in the development of the H.323 specification and the first IP based multi-point control unit architecture and gatekeepers, developed the use of H.264 Scalable Video Coding (SVC) for video conferencing, and led the development of a new media relay based architecture- the VidyoRouter. Ofer is a named inventor on 40 issued and 28 pending patent families. He was named a World Economic Forum Technology Pioneer, and received the Wall Street Journal Innovation Award for Disruption in the category of Internet, Networking and Broadband. 

 

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