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Vidyo Raises Still More Money for Video Ambitions

July 11, 2014 | Telepresence Options

Ofer_Shapiro

Story and images by Don Clark / WSJ

Vidyo CEO Ofer Shapiro says his company has been taking in revenue for six years, enough time for many companies to start funding operations with sales alone. But he's not shy about going back to investors.

The videoconferencing specialist on Friday is announcing a $20 million infusion-Vidyo's Series E round-to bring the total raised since its founding in 2005 to $139 million.

Shapiro says the announcement should not be interpreted as a sign the 300-person company could not sustain itself. The point is, rather, that there are new opportunities that call out for spending right away.

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