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Social video chat co Rounds raises $5m

December 19, 2013 | Telepresence Options

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Story and images by Globes

Social video chat developer Rounds has raised $5 million from Verizon Ventures, DFJ's Tim Draper and Rhodium, bringing to $10.5 million the amount rased by the company to date.

Rounds and Vidyo Inc. also announced a strategic agreement to integrate Vidyo's technology into the Rounds platform. The Vidyo-integrated Rounds solution will be platform-agnostic, combining shared entertainment with multi-party HD video conferencing, mass scaling capabilities, and the market's best video quality. The integration will allow Rounds to offer a next-level video experience that brings real life social interactions back online.

Rounds was founded in 2008 by CEO Dany Fishel, COO Ilan Leibovich, and Dmitry Shestek. Fishel said, "To achieve a truly engaging real-time social experience, there needs to be a balanced mix between the worlds of entertainment and communication. That's Rounds - a fun, engaging experience that mimics real life interactions by merging interactive content, games, activities and real-time video communication. This strategic agreement with Vidyo now provides Rounds with the best infrastructure possible to deliver a unique, unparalleled social video communication experience. We believe this will significantly further our position as a leader in social video chat."

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