N.J. – Vidyo, a provider of
videoconferencing services, announced on Thursday that it has raised $25
million in its third round of venture capital financing.
Four Rivers Group led
the investment round; previous backers Menlo Ventures, Rho Ventures,
Seven-Rosen Funds and Star Ventures also participated.
Founded in 2005, New
Jersey-based Vidyo offers desktop and room-based videoconferencing systems,
which can be used over the Internet, LTE, 3G and 4G networks.
The company will
use the funds to expand its sales and marketing efforts.