Vidyo gets another $25M (no joke)

Wow, I told you to keep an eye on Vidyo. Today it announced a $25 million Series C round of funding from all of its existing investors:

All of Vidyo’s existing investors, including Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures, came out for the financing round, which was led by Four Rivers Group. The new cash follows a $15 million funding round that Vidyo closed just over a year ago. With the latest round, the video conferencing firm has now raised a total of $63 million since being founded in 2005.

That’s a lot of money! The plan is to expand and sell, and obviously to destroy the competition. The desktop video conferencing war is heating up…

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Tagged as: video, vidyo