You’d think, after raising nearly $100 million over the course of the last seven years, that video conferencing specialist Vidyo would be all set for cash. But apparently not, as the company has raised even more money, according to a new SEC filing.
We’re still trying to get more details on who put new money in or at what valuation, but according to the filing, Vidyo has raised another $10. That’s right. Not $10 million. A whole 10 dollars.
The funding comes as Vidyo is aggressively expanding its product portfolio with browser-based teleconferencing products and a low-priced executive desktop conferencing system. It also comes as the competition in video conferencing is heating up as some other guys have announced some other things.
We’ve reached out to Vidyo to find out more about the funding and to see how it plans to invest the cash, and will update this post as we learn more.