Vidyo has secured $15 million in a follow-on round of funding from Kaiser Permanente Ventures ($10M) and existing investors ($5M) — including Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners — bringing its total funding to date to $163 million. The company, which provides video collaboration solutions, will use the fresh capital to accelerate growth in vertical markets, healthcare being one of them [markets].
“We view our partnership with Vidyo, with its telehealth offerings that increase patient convenience and the overall quality of care, as advancing this strategy,” said Jordan Kramer, Director Kaiser Permanente Ventures.
The company’s VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption, and a rich suite of APIs for development partners. During the last few years, the platform has become an integrated component of the healthcare ecosystem of workflow tools, including some of the largest electronic medical records systems, ICU monitoring software, telemetry management software, bedside patient engagement systems, clinical carts and robots, and direct-to-consumer care providers.
Vidyo’s technology is powering telehealth applications for more than 40% of the top 100 Integrated Delivery Networks (IDNs) in the US.At the moment, Vidyo’s technology is powering telehealth applications for more than 40% of the top 100 Integrated Delivery Networks (IDNs) in the US and is being used by the top Electronic Healthcare Record (EHR) management systems in the world.
“Vidyo is proud to deliver innovative healthcare solutions, and to work with a large ecosystem of partners to transform healthcare with new applications and integrations,” said Eran Westman, CEO, Vidyo.