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New round of financing for Hackensack company

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A Hackensack-based visual communication company announced Friday it had received a $20 million round of financing.

Vidyo, Inc., which develops video conferencing solutions and other products, said in a news release that the funding is coming from current investors. They include Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, Saints Capital, Four Rivers Group, ORR Ventures, Triangle Peak Partners and Juniper Networks through its Junos Innovation Fund.

This round of capital will be used for sales and market development for Vidyo’s VidyoWorks platform, and brings the total capital raised by the company to $139 million.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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