Zoom Video Communications Closes Series A Funding

Zoom Video Communications, a Santa Clara, Calif.-based developer of a cloud service that unifies users’ meeting experience, closed a Series A funding of undisclosed amount.

Backers included Qualcomm Inc., which made the investment via its venture investment group, Qualcomm Ventures, as well as individual investors Jerry Yang, Subrah Iyar, Dan Scheinman, Bill Tai and others.

Led by Eric S. Yuan , CEO and Founder, Zoom provides a Unified Meeting Experience (UMX) cloud service that enables HD video meetings and mobile screen sharing for up to 25 people on desktops, tablets and smart phones.
In details, the company’s UMX offers:
– a 3-in-1 Meeting Platform with HD video conferencing features such as multi-user, multi-screen, active speaker, spotlight speaker and dynamic layout along with web meeting features such as instant meetings, one-click screen sharing, host controls, join by URL, calendaring and recording;
– mobile screen sharing for both tablet and mobile devices,
– the ability to run meetings in the company network using the Zoom Meeting Connector.

Launched five months ago, the solution has served more than 400,000 people, 130,000 meetings, and 1,000 businesses, in over 2,500 cities worldwide. Customers include Proofpoint, Teambox, RingCentral,  Menlo College, NComputing, Treasure Data, SkyFoundry.



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