Vidyo, Inc., a leader in high quality visual communications, announced today a $10M strategic investment from Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente, and $5M from existing investors, for a $15M follow-on round of funding. Vidyo has raised $163M to date from investors including Kaiser Permanente Ventures, Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, and others. The company will use the funds to accelerate growth in vertical markets.
“Kaiser Permanente Ventures is committed to partnering with innovative organizations that support our work to improve the health of patients and the communities we serve,” said Jordan Kramer, Director Kaiser Permanente Ventures. “We view our partnership with Vidyo, with its telehealth offerings that increase patient convenience and the overall quality of care, as advancing this strategy.”
“We appreciate the confidence and support from Kaiser Permanente Ventures which sees the latest and most innovative healthcare offerings and understands the critical and expanding role that telemedicine plays in the delivery of care,” said Eran Westman, CEO, Vidyo. “The VidyoWorksTM platform and APIs have been deployed by the top names in healthcare and the quality and experience delivered have played a key role in advancing the use of telemedicine across hospital systems and to patient homes. 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.”
The VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption, and a rich suite of APIs, providing development partners with unparalleled flexibility in embedding real-time video, audio and content communication and collaboration into their workflow applications for clinicians and patients. The software-based 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 has been recognized by Gartner in its Cool Vendors in Healthcare Providers report for 2015 for its steady growth and marquee healthcare provider customers as well as the evolving features and functionality of the VidyoWorks platform with new mobile and integrated workflow capabilities. 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.