Zoom (company)

Zoom (company)

A computer software company providing remote conferencing services to businesses and organizations. Zoom is a San Jose, California-based company founded in 2011 by Eric S. Yuan.

About

Zoom is a San Jose-based software company specializing in solutions for video conferencing for businesses and individuals. The company has offices around the world in places such as Tokyo, Shanghai, Denver, New York, and London. It has been a publicly-traded company on NASDAQ since 2019.

Product

The company's product of the same name is a cloud-based platform for video conferencing that can be utilized for meetings and group messaging. It can be used on various systems including Windows, Mac, iOS, and Android. Industries in which the software has been used include education, healthcare, government, and financial services. The platform can be utilized for smaller meetings as well as large gatherings and there can be up to 1,000 video participants and 10,000 viewers for one meeting.

Uses

Meetings

Zoom users can hold business meetings, trainings, and discuss technical support.

Webinars

Gatherings for professional purposes, such as marketing events or town hall meetings, can be conducted on the platform.

Conference Rooms

Businesses can meet remotely in virtual conference rooms that are designed for collaboration.

Phone System

Users can make phone calls on Zoom using the cloud and utilize features such as voicemail and call recording.

Chat

The chat feature allows for users to message across platforms and share files.

COVID-19

During the COVID-19 pandemic, the amount of Zoom users dramatically increased as many businesses had many of their employees work from home for safety reasons. As of February 2020, the company added 2.2 million active users when in 2019, there were 1.99 million active users for the entire year. WIth the influx of users, Zoom acquired Keybase, a plaform for secure messaging and file-sharing.

Timeline

May 7, 2020

Zoom announces that it has acquired Keybase, a startup with encryption expertise.

January 17, 2017

Zoom raises a $100,000,000 series D round from Qualcomm Ventures, Emergence Capital Partners, AME Cloud Ventures and Sequoia Capital.

February 2015

Zoom raises a $30,000,000 series C round from Patrick Soon-Shiong, Qualcomm Ventures, Emergence Capital Partners, AME Cloud Ventures, Maven Ventures and Horizons Ventures.

September 24, 2013

Zoom raises a $6,500,000 series B round from Horizons Ventures and Patrick Soon-Shiong.

January 28, 2013

Zoom raises a $6,000,000 series A round from Qualcomm Ventures.

June 1, 2011

Zoom raises a $3,000,000 seed round from Bill Tai and Subrah Iyar.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
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Products

Product
Website
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Industry
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People

Name
Role
LinkedIn

Eric Yuan

Founder and CEO

Bill Tai

Advisor

Dan Scheinman

Advisor

Eric S. Yuan

Founder

Eugene Zhang

Investor

Farzad Nazem

Investor

Nick Adams

Investor

Further reading

Title
Author
Link
Type
Date

Zoom Buys Keybase In Bold New Security Move: How This Could Change Everything

Kate O'Flaherty

Web

May 7, 2020

Zoom has added more videoconferencing users this year than in all of 2019 thanks to coronavirus, Bernstein says

Jordan Novet

Web

February 26, 2020

Zoom, Zoom, Zoom! The Exclusive Inside Story Of The New Billionaire Behind Tech's Hottest IPO

Alex Konrad

Web

April 19, 2019

Documentaries, videos and podcasts

Title
Date
Link

Product Overview: What are Zoom Rooms?

July 18, 2019

Zoom Video Conferencing

September 4, 2015

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Tom Lamont
August 1, 2020
the Guardian
'Suddenly, we were all in Zoomtopia.' Illustration: Design Lad/The Guardian
Angela Watercutter
July 30, 2020
Wired
With Hollywood productions largely shut down, more filmmakers are making use of computer screens--something genre films have been doing for years.
Walter Thompson
July 29, 2020
TechCrunch
With a more hands-on approach to AI -- that is, using the technology to actually augment everyday communications -- workers can gain insight into concepts, workflows and ideas that would otherwise go unnoticed.
Emma Grey Ellis
July 22, 2020
Wired
Spectators spent much of the time debating who was real and who was fake.
Alan Henry
July 22, 2020
Wired
It feels impossible to get anything done right now. Here's how to keep your head above water--without falling into the busy trap.
Steven Levy
July 17, 2020
Wired
Plus: Early accounts from Vancouver, the endless surprises of tech journalism, and a new low for the White House.
The Canadian Press
July 15, 2020
CTVNews
The Canadian Real Estate Association says home sales continued to rebound in June after plunging earlier this year due to the pandemic.
Brian Heater
July 15, 2020
TechCrunch
Those forced to acclimate to remote work understand what a pain it can be. Sure, there are certainly benefits to not having to commute into work each day, but among other things, you lose a lot when you eliminate human interaction. Apps like Zoom and Slack have their place, certainly, but none does a particularly [...]
Mark Hachman
July 14, 2020
PCWorld
A number of new capabilities are arriving on the mobile and online versions of Outlook.
Jordan Crook
July 14, 2020
TechCrunch
In this pandemic world, in-person meetings are a thing of the past. Most meetings these days are done via video conference, and no company has capitalized on the shift quite like Zoom. Macro, a new FirstMark-backed company, is looking to capitalize on the capitalization. To Capitalism! Sorry. Let's get back on track. Macro is a [...]
Business Standard
July 8, 2020
@bsindia
By doing so, he was following in the footsteps of a host of other leaders whove picked up a page from Pope John Paul IIs book
Helen Davidson and Alex Hern
July 7, 2020
the Guardian
Apple under pressure to act after TikTok pulls out of Hong Kong | Hong Kong | The Guardian
Ron Miller
July 7, 2020
TechCrunch
Zoom announced a new Hardware as a Service offering today that will run on the ServiceNow platform. At the same time the company announced a deal with ServiceNow to standardize on Zoom and Zoom Phone for its 11,000 employees in another case of SaaS cooperation. For starters, the new Hardware as a Service offering allows [...]
Sudipto Dey
July 5, 2020
@bsindia
Experts say the absence of a dedicated data privacy and security law limits govts legal options
Boone Ashworth
July 4, 2020
Wired
Still sheltering in place? Good. Here's how to watch movies with friends, even when you're apart.
Nellie Bowles
July 4, 2020
www.nytimes.com
Summer camp in the pandemic looks just like a screen. But what happens when kids run away from the computer?
Zack Whittaker
July 1, 2020
TechCrunch
The company said it would publish a transparency report after Chinese authorities demanded it take action against U.S.-based Zoom users.
Lucy Lang
July 1, 2020
Wired
Courtrooms can't afford to go back to their inefficient, inaccessible "normal." The innovative practices that arose from this pandemic need to be implemented now.
Gené Teare
June 29, 2020
Crunchbase News
In a mid-year check-in on unicorn status, we find that software services and online education have grown as new unicorn candidates while fintech and branded e-commerce take a back seat in 2020.
David Streitfeld
June 29, 2020
www.nytimes.com
As the coronavirus keeps spreading, employers are convinced remote work has a bright future. Decades of setbacks suggest otherwise.
SHOW MORE

References

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