Cloud Video Conferencing Company Zoom Raises $6.5M

Posted Sep 24, 2013

Zoom is a cloud video conferencing company that has raised $6.5 million in Series B funding.  This new round of funding is led by Horizons Ventures Hong Kong and includes existing investors Patrick Soon-Shiong and Yahoo! co-founder Jerry Yang.

Zoom was founded by former Cisco executive Eric Yuan.  The company’s software offers a multi-platform and multi-person video conferencing platform.  High quality video is supported on Zoom.

There are over 4,500 business customers and 3 million users that use Zoom, according to TechCrunch.  This is up from 1,000 businesses and 400,000 users as of January.  The growth has been attributed to the demand for a video conferencing solution that is affordable and available on a wide variety of devices without dropping video quality.

The funding will be used for international expansion and to gain traction in other sectors.