Juniper Networks joins QuestMark Partners in Vidyo Series D funding
Juniper Networks (NYSE: JNPR) is investing in video conferencing company Vidyo , through its Junos Innovation fund. The networking company is joining lead investor QuestMark Partners in the funding round and other existing investors Menlo Ventures, Rho Ventures, Star Ventures and Four Rivers Group.
Vidyo said the latest cash infusion will be used to increase its go-to-market activities and integrate its video conferencing products with Juniper's offerings.
Terms of the investment were not disclosed.
The New Jersey-based startup has so far raised $97 million.
Vidyo currently has more than 1,850 enterprise, healthcare, education, and government customers for its telepresence platform, a platform that routinely is referred to as a disruptor in the accelerating conferencing and collaboration space.
"As the use of video in the enterprise and on end devices continues to expand, our customers are seeking new ways to improve video delivery," said Jeff Lipton, vice president, Venture and Strategic Investments, Juniper Networks. "Vidyo is an emerging player that is driving innovation in software-based videoconferencing."
Vidyo's co-founder and CEO, Ofer Shapiro, said the startup sees Juniper as "a kindred spirit," and said the investment "is a solid endorsement of our vision and a recognition of how rapidly the videoconferencing market is expected to grow."
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