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Vidyo, a video conferencing toolmaker, and Verivue, a video hardware vendor, announced this week they’d both hauled in some major rounds of funding. Besides being the envy of just about every other startup suffering through this economy, what the two companies share is innovative hardcore video technology.
Vidyo just closed a $15 million round led by Menlo Ventures with Rho Ventures, Sevin Rosen Funds and Star Ventures, for a total of $38 million raised since 2005. The Hackensack, NJ-based company makes HD desktop video conferencing tools that run over IP networks (see a demo video embedded above; sorry it autoplays, but at least there’s no sound). Vidyo today also announced telepresence provider Teliris will license its work on the new H.264/SVC video compression standard.
Meanwhile, Verivue just announced a video switch and network storage product that’s supposed to be cheaper and more efficient and can handle sending video formats to different devices on the fly. The Westford, Mass.-based company will make the product available to telcos, cable companies, and CDNs in the second quarter of this year, it said.
Verivue, which was founded in 2006, also disclosed this week it had raised $40 million in a Series B round led by Comcast Interactive Capital and including Matrix Partners, North Bridge Venture Partners, Accel Partners and Arris (which will market and distribute Verivue’s products). The company had previously raised a $25 million Series A round from Matrix and Spark Capital.