Technology

New round of financing for Hackensack company

By Eric Strauss, July 11, 2014 at 9:43 AM

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.

ALSO ON NJBIZ:

EDA approves $260M award for Camden project

Survey: Obamacare shopping leaves a lot to be desired

N.J. utility is among the most trusted nationwide

More From This Industry

• Camden approves Amazon HQ2 proposal • MYOS RENS Technology Inc. appoints CEO • Vanguard launches online health service for better patient access to care • Vonage names new channel chief

Eric Strauss

Follow @acerimrat
Eric Strauss is the Managing Editor of 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.