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Zoom (company)

Zoom (company)

Zoom is 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

August 19, 2020
Zoom announced that Zoom for Home is expanding to smart displays including Amazon Echo Show, Portal from Facebook, and Google Nest Hub Max, bringing Zoom to widely-used devices and broadening their capabilities to the work environment.
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 AME Cloud Ventures, Emergence Capital Partners, Qualcomm Ventures and Sequoia Capital.
February 2015
Zoom raises a $30,000,000 series C round from AME Cloud Ventures, Emergence Capital Partners, Horizons Ventures, Maven Ventures, Patrick Soon-Shiong and Qualcomm 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

Acquisitions

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
By CEDAR ATTANASIO
November 6, 2021
AP NEWS
SANTA FE, N.M. (AP) -- New Mexico officials have been inundated with critical letters on proposed K-12 social studies standards over the inclusion of racial identity and social justice themes in a majority Latino state where Indigenous tribes have persevered through war, famine, internment camps and boarding schools aimed at stamping out their cultures.
India McTaggart
October 6, 2021
The Telegraph
The controversial measures were agreed with 28 Senedd politicians voting for and 27 voting against introducing Covid passes for nightclubs
David McCabe
October 1, 2021
www.nytimes.com
The plan to merge had drawn scrutiny on national security grounds.
Alexi Duggins
July 12, 2021
the Guardian
If you've been working remotely during the pandemic, you may sometimes feel like you need a dictionary to do your job. Our handy guide to the new language of working from anywhere has all you need to know
AP
September 22, 2021
@bsindia
Read more about US to probe Zoom's $14.7 bn Five9 deal for national security risks on Business Standard. A US government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom's $14.7 billion deal for cloud call centre company Five9.In an August filing with the Federal Communications Commission, the Justice
The Associated Press
September 21, 2021
ABC News
A U_S_ government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom's $14_7 billion deal for cloud call center company Five9 for national security risks due to "foreign participation."
The Associated Press
September 21, 2021
AP NEWS
A U.S. government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom's $14.7 billion deal for cloud call center company Five9.In an August filing with the Federal Communications Commission, the Justice Department, which chairs the committee, said it would review the deal "to determine whether this application poses a risk to the national security or law enforcement interests of the United States." The Justice Department "believes that such risk may be raised by the foreign participation (including the foreign relationships and ownership) associated with the application." The Wall Street Journal first reported the probe.
Ron Miller
September 17, 2021
TechCrunch
The company has been undertaking plans over last couple of years to move beyond its core video conferencing market -- here's how industry experts see this plan working.
September 17, 2021
mint
More people--and companies--seek to show support for transgender and nonbinary co-workers, so the practice of adding pronouns to email signatures and personal profiles is taking off
Ram Iyer
September 13, 2021
TechCrunch
The pricing journey is long and, despite what some founders might think, jumping head-first into customer acquisition isn't the first stop. Step one is making sure you have a fully fledged product.
Kellen Browning and Erin Griffith
September 8, 2021
www.nytimes.com
As the pandemic drags on, more people are beginning and leaving new jobs without once seeing their colleagues face-to-face, leading to an easy-come, easy-go attitude toward workplaces.
By MICHAEL LIEDTKE and BARBARA ORTUTAY
September 8, 2021
AP NEWS
SAN FRANCISCO (AP) -- Technology companies that led the charge into remote work as the pandemic unfurled are confronting a new challenge as the crisis winds down: how, when and even whether they should bring long-isolated employees back to offices that have been designed for teamwork.
MICHAEL LIEDTKE and BARBARA ORTUTAY AP Technology Writers
September 8, 2021
ABC News
Thriving Silicon Valley companies were among the first to embrace remote work during the pandemic, but they've struggled over how to recall their high-paid employees to the office
Kellen Browning and Erin Griffith
September 8, 2021
www.nytimes.com
As the pandemic drags on, more people are beginning and leaving new jobs without once seeing their colleagues face-to-face, leading to an easy-come, easy-go attitude toward workplaces.
Christine Hall
September 2, 2021
TechCrunch
Their newest collaboration is the Box app for Zoom, a new type of in-product integration that allows users to bring apps into a Zoom meeting to provide the full Box experience.
Ram Iyer
September 1, 2021
TechCrunch
Being a CEO is more than building on a vision, a product or an idea. It's about leading your people with values to accomplish mutual goals in a way that doesn't zap them of their morale or dignity.
Michael Brooks
August 25, 2021
New Scientist
Quantum theory can't be the final answer and some theorists are exploring new ways to formulate physical laws - and yet there is no guarantee that any theory can completely describe the universe
Ishan Patra
August 28, 2021
The Hindu
Here's our curated list of important tech news from this week in byte size.
Sarah Perez
August 25, 2021
TechCrunch
Bright, a live video platform that lets fans Zoom with their favorite creators and celebs, has raised $15 million in new funding, the company announced today. The round was co-led by co-founder and talent manager Guy Oseary's Sound Ventures, the fund he founded with Ashton Kutcher. RIT Capital and Regah Ventures also co-led. Other investors [...]
BBC News
August 25, 2021
BBC News
Only 1% of employees at the firm want to return to the office full-time, the video calls firm says.
SHOW MORE

References

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