Zoom

Profile Information

Conference
DEMO Enterprise 2014
Market Segment
Work
Funding Amount
$10,000,001-$25,000,000
Product Description
ZoomBox is the easiest and most affordable way to hold video meetings from your conference room. ZoomBox features a simple set-up, quick-start meetings, 100 two-way video participant capacity, and a disruptive price point of $999 to equip your room and $99 a year subscription fee.
Funding Round
Series B
Funding Details
$6 million Series A financing round closed in January 2013. Funders included Qualcomm Inc., acting through its venture investment group, Qualcomm Ventures and individual investors Jerry Yang, Subrah Iyar, Dan Scheinman, Bill Tai and several others. $6.5 million Series B financing round closed September 2013. Li Ka-Shing's Horizons Ventures Hong Kong, who previously invested in Facebook, Skype, Siri and Waze, led this round. Bart Swanson from Horizons Ventures joins the Board of Directors. Patrick Soon-Shiong and existing investor Jerry Yang also participated in this round.
Competitors
Competitors include Polycom, GoToMeeting, Cisco Tandberg, & Cisco WebEx.
Market Opportunity
There is a growing dissatisfaction with traditional hardware room systems. These systems are expensive, each costing tens of thousands to purchase and maintain. They are complicated and time-consuming, requiring professional IT technicians to set-up and troubleshoot.

Company Contact

URL
http://www.zoom.us
Facebook
Twitter
@zoom_us
LinkedIn
Contact
priscilla.mccarthy@zoom.us
Company Address
4633 Old Ironsides Drive, #408
Primary Phone
888-799-9666
Officer One
Eric Yuan - CEO & Founder
Officer Two
Nick Chong - Head of Product
Officer Three
Greg Holmes - Head of Sales
Officer Four
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