Zoom Snags $30M collection C For Video Calling carrier
David Holley
Video calling provider Zoom has landed a $ 30 million series C to build its gross sales and advertising global. The funding used to be led by new investor Emergence Capital, though giant-name present buyers contributed as neatly, together with healthcare financier Patrick quickly-Shiong and Yahoo! co-founder Jerry Yang.
Zoom, founded in 2011 by means of former staff of Cisco and WebEx, offers clients video conferencing, online assembly tools, and online messaging in a single platform. Calls on the provider are broadcast in HD.
The Santa Clara, CA, primarily based company’s consumer base has increased to 65,000 from 4,500 because it bought $ 6.5 million of sequence B funding in September 2013.
the company is winning, Emergence Capital associate Santi Subotovsky told The Wall side road Journal. Emergence is involved in early stage cloud-targeted corporations, and has prior to now invested in businesses comparable to Salesforce.com and field.
“companies aren’t totally satisfied with the status quo in video conferencing,” Eric Yuan, Zoom’s CEO and founder, said in a remark. “With this funding, we are able to reach a broader global audience through new gross sales and advertising and marketing initiatives.”
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