Zoom Video Communications Announces Record Customer Growth and Series B Funding
Zoom surpassed 4500 business customers and raised $6.5M Series B financing
SANTA CLARA, Calif., September 24, 2013-- Zoom Video Communications, the #1 cloud video conferencing experience, today announced it has secured an additional $6.5 million for its Series B financing round, in order to continue rapid growth and leadership as a cloud meeting platform. Li Ka-Shing's Horizons Ventures Hong Kong, who previously invested in Facebook, Skype, Siri and Waze, led the latest round. Bart Swanson from Horizons Ventures joins the Board of Directors. Patrick Soon-Shiong and existing investor Jerry Yang also participated in this round.
Recently celebrating its 2nd birthday, Zoom pioneered the category of cloud meetings that unify video conferencing, web meetings and mobility. Today, Zoom has more than 4500 businesses and 3 million participants from nearly every country around the world that use its secure meeting platform for video, audio and screen sharing.
Zoom's dramatic growth has been driven by increased demand among businesses for an affordable, high quality video meeting experience. Building on this momentum, Zoom will use the additional financing to expand its global reach, and accelerate product growth and innovation, particularly for the education and healthcare markets.
"Zoom's mission to develop a people-centric cloud service that transforms the real-time collaboration experience," says Eric Yuan, Founder and CEO of Zoom. "This capital gives us additional resources to expand quickly into new markets, innovate rapidly, and deliver on our vision around the world."
With HD video, audio and screen sharing, and the ability to have up to 25 participants meet, Zoom provides a feature-rich service for businesses at $9.99/month. Zoom will be demonstrating its Unified Meeting Experience platform at Interop New York (booth #605) on Oct 2-3, 2013.
At Zoom Video Communications, our mission is to develop a people-centric cloud service that unifies your meeting experience and improves the quality and effectiveness of communications forever. Zoom Video Communications is a privately held company headquartered in Santa Clara, California. For more information, visit zoom.us or follow us @zoom_us.
Downloadable Venture Capital Database