Vidyo raises $15 mn in funding led by Kaiser Permanente Ventures

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Monday, Vidyo raised $15 million in a follow-on round of funding, taking the total amount invested to $163 million.

Out of the $15 million raised today, $10 million was invested by Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente. The remaining $5 million was from existing investors, which include, Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, and others.

According to a press statement, 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,” Kramer added.

Vidyo CEO Eran Westman appreciated the confidence and support from Kaiser Permanente Ventures.

Gartner recognized Vidyo 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 percent of the top 100 Integrated Delivery Networks (IDNs) in the U.S.

Arya MM

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