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Vidyo Garners $15 Million Series C Venture Capital

Monday, March 09, 2009 5:55:00 AM PDT | VentureDeal Staff

Hackensack, New Jersey  --  Videoconferencing technology company Vidyo said that it has secured $15 million in its third round of institutional venture capital financing.

Vidyo provides videoconferencing solutions for a variety of environments from the home office desktop to the dedicated corporate videoconferencing facility.

Menlo Ventures led the round, which included Rho Ventures, Star Ventures and Sevin Rosen Funds. The company said it would use the funding to expand its sales and marketing efforts.

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