Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente has invested $10 million in high quality visual communications Vidyo for telehealth and video collaboration. The Vidyo funding round also includes $5M from existing investors, for a total of $15M follow-on round of funding. The company will use the funds to accelerate growth in vertical markets.
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.
“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.”
Vidyo’s technology currently powering more than 40% of the top 100 Integrated Delivery Networks (IDNs) telehealth apps in the US and is being used by top EHR systems.
