Welcome!

IoT Expo Authors: Elizabeth White, Pat Romanski, Liz McMillan, Roger Strukhoff, Hovhannes Avoyan

News Feed Item

Vidyo Raises $20 Million to Address the Growth in Visual Communications as New “Internet of Things” Applications and Devices Emerge

Vidyo, Inc., today announced a $20 million round of financing to accelerate the company’s efforts to deliver visual communication solutions that address the explosion in the “connected world” as millions of new devices, appliances, services, platforms and workflow/business processes connect businesses and individuals online at work, at home, in their car or through wearables.

The current round includes participation from all existing investors, including: 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, and brings the total amount of capital raised by the company to $139 million. Vidyo will use the funds raised for sales and market development to broaden the adoption of its VidyoWorksTM platform.

“Every day there are announcements of new connected solutions or applications in healthcare, banking, government or enterprise solutions visually connecting people at work,” said Ofer Shapiro, Vidyo’s CEO and co-founder. “Vidyo makes it possible to integrate visual communication into these applications, and many others, using commodity devices available today and will support new solutions as they emerge. While the focus of the ‘Internet of Things’ up until now has been on machine-to-machine applications, we are seeing strong demand to visually connect people into workflows for person-to-person applications in the workplace, on the road or at home, all federated with the Internet of Things.”

Vidyo is powering integrated visual communication in large-scale online banking, healthcare, government and enterprise applications. Vidyo technology is currently deployed in individual networks with capacity exceeding hundreds of millions of minutes per year, in other networks exceeding 1,200 VidyoRoomTM systems, and in new form factors and applications such as hospital beds and gaming systems. Because Vidyo can be integrated into a company’s workflow or business processes, at the right quality and price point, some customers’ usage now puts video conferencing on a trajectory with that of audio conferencing.

The VidyoWorks platform and APIs allow developers and solution providers across a variety of markets and applications to address the growing opportunity to integrate video communications into existing workflows like Electronic Medical Records (EMR) or into new devices or appliances that are emerging every day. The VidyoRouterTM enables Vidyo to deliver the four key requirements critical to adding video into the new connected world:

  • Supports massive scale deployments
  • Integrates into workflows and business processes
  • Delivers HD quality over Internet and wireless networks
  • Affordable at mass scale

About Vidyo, Inc.

Vidyo, Inc. delivers amazing visual communications and price performance in line with user expectations to power the “human interaction” in the growing market of the “Internet of Things.” The VidyoWorksTM platform and APIs leverage Scalable Video Coding (SVC) and Vidyo’s patented VidyoRouter™ to deliver scalable video conferencing, collaboration solutions and cloud-based services over public networks at a price comparable to audio conferencing. Vidyo pioneered personal telepresence and today is delivering integrated video applications anytime, anywhere over the broadest range of devices. Vidyo has more than 60 patents issued and patents pending in 65 patent families in various jurisdictions around the world. Learn more at www.vidyo.com, on the blog or follow Vidyo on Twitter @vidyo and on Facebook.

The VIDYO logo is a registered trademark of Vidyo, Inc., VIDYO and the trademarks of the VIDYO family of products are trademarks of Vidyo, Inc. and the other trademarks referenced herein are the property of their respective owners. Many of the products and features described herein remain in varying stages of development and will be offered on a when-and-if available basis. The product plans, pricing, specifications, and descriptions are provided for information only and are subject to change without notice, and are provided without warranty of any kind, express or implied. Vidyo reserves the right to modify future product plans at any time.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories from IoT Journal
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things’ get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What’s driving this increase? The growth in volume is largely attributed to the rollout of new services and applications along with expanding migration to the cloud and traffic spikes. The Internet of Things will also place a strain on DNS services. Are you ready for this surge of new services and applications along with potential DNS threats?
Building low cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, will provide an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He will also provide examples such as building a wearable device that provides transit or recreational information. He will review the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power such wearable devices.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, will describe how to revolutionize your architecture and create an integrated, interoperable, reliable system of thousands of devices. Using real-world examples, James will discuss the transformative process taken by companies in moving from a two-tier to a three-tier topology for IoT implementations.
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, will discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of data, and how to best approach deploying an IoT solution that will drive results.
Where historically app development would require developers to manage device functionality, application environment and application logic, today new platforms are emerging that are IoT focused and arm developers with cloud based connectivity and communications, development, monitoring, management and analytics tools. In her session at Internet of @ThingsExpo, Seema Jethani, Director of Product Management at Basho Technologies, will explore how to rapidly prototype using IoT cloud platforms and choose the right platform to match application requirements, security and privacy needs, data management capabilities and development tools.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
We were in contact recently with Shrikant Pattathil (pictured below), Executive Vice President of Harbinger Systems. Here are some of his thoughts about healthcare, the IoT, and disruption: IoT Journal: Healthcare, with all of its systems and dataflows, seems an ideal area for IoT solutions. What is Harbinger Systems doing in this area? Shrikant Pattathil: Being a service provider we work with many product development companies who are building new IoT-based applications to solve problems that plague the healthcare industry. For example, there is a need for applications to manage your medicine dosage, seek help, and notify your care provider. IoT Journal: And how do you go about addressing these problems? Shrikant: We are approaching IoT from mobile and cloud perspective. These are our key strengths. We are helping product companies in IoT space to quickly build the mobile interfaces for their product offerings. We are also helping them to place the data on the cloud in a secure way, so that they can truly exploit the benefits of IoT. IoT Journal: What are the advantages of the IoT here? Cost? Better care? What sorts of metrics can be applied, and are there intangibles as ...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, more manufacturers will embed sensors in their products and connect them to the Internet to monitor their performance and offer pro-active maintenance services. As a result, engineers who know how to incorporate software and networking into their mechanical designs will become more in demand.
Launched this June at the Javits Center in New York City with over 6,000 delegate attendance, the largest IoT event in the world, 2nd international Internet of @ThingsExpo will take place November 4-6, 2014, at the Santa Clara ConventionCenter in Santa Clara, California with estimated 7,000 plus attendance over three days. @ThingsExpo is co-located with 15th international Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading IoT industry players in the world. In 2014, more than 200 companies will be present at the @ThingsExpo show floor, including global players, and hottest new technology pioneers.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With “smart” appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user’s habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can’t be addressed without the kinds of agile software development and infrastructure approaches pioneered by the DevOps movement.
I write and study often on the subject of digital transformation - the digital transformation of industries, markets, products, business models, etc. In brief, digital transformation is about the impact that collected and analyzed data can have when used to enhance business processes and workflows. If Amazon knows your preferences for particular books and films based upon captured data, then they can apply analytics to predict related books and films that you may like. This improves sales. This is a simple example, but let me tell you what I learned yesterday in sunny and warm San Francisco about more complex applications.
As the Internet of Things gains momentum, the focus has been on securing billions of IoT devices and the servers that orchestrate their connectivity. However, the greatest security and authentication risks reside within the communications among devices and servers. In his session at Internet of @ThingsExpo, Todd Greene, Founder & CEO of PubNub, will discuss the top 10 challenges in securing IoT communications that, unsolved, render it impossible to deliver a secure IoT rollout. Learn the requirements for a ubiquitous, secure, bi-directional communication protocol for IoT. Specific design patterns to deliver secure device updates, as well as comprehensive solutions for malware defense and security credential management will also be shared.
The worldwide cellular network will be the backbone of the future IoT, and the telecom industry is clamoring to get on board as more than just a data pipe. In his session at Internet of @ThingsExpo, Evan McGee, CTO of Ring Plus, Inc., to discuss what service operators can offer that would benefit IoT entrepreneurs, inventors, and consumers. Evan McGee is the CTO of RingPlus, a leading innovative U.S. MVNO and wireless enabler. His focus is on combining web technologies with traditional telecom to create a new breed of unified communication that is easily accessible to the general consumer. With over a decade of experience in telecom and associated technologies, Evan is demonstrating the power of OSS to further human and machine-to-machine innovation.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at salesforce.com, to discuss real-world use cases, patterns and opportunities you can harness today.