KP Ventures invests $10M in telemedicine technology provider

Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente, has made a $10 million strategic investment in Vidyo, a leader in high quality visual communications.

Vidyo has raised $163 million to date from investors and plans to use the funds to accelerate growth in vertical markets. The VidyoWorks platform has been deployed by healthcare provider organizations to advance the use of telemedicine.

"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 of 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.”

The VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption and a suite of APIs, providing development partners with 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 EMR 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 percent of the top 100 integrated delivery networks (IDNs) in the U.S.