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 Sequoia Capital, AME Cloud Ventures, Emergence Capital Partners and Qualcomm Ventures.

February 2015

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

September 24, 2013

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

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 Subrah Iyar and Bill Tai.

Acquisitions

Acquisition
Description
Acquired company
Acquisition amount (USD)
Date announced

Zoom acquired Keybase as part of an effort to add end-to-end encryption to Zoom's video communications platform. The amount of money transacted was not disclosed by either party at the time of the initial announcement.

May 7, 2020
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Funding rounds

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

Title0
Author0
Date0
Publisher0
Description0
Nicole Wetsman
June 4, 2020
The Verge
Limited English speakers already have a harder time accessing health care in the United States than English speakers do. Doctors moved appointments online when the COVID-19 pandemic started, but those systems are often not accessible to people who speak other languages, like Spanish or Chinese. That could increase health disparities.
Ron Miller
June 4, 2020
TechCrunch
As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing work from anywhere there's access to a computer and internet connection, and while the economy is reeling from COVID-19 fallout, modern software companies [...]
Alex Wilhelm
June 1, 2020
TechCrunch
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This week will see two richly-valued SaaS business share their Q1 earnings reports: CrowdStrike and Zoom. Both are 2019 IPOs, but these relatively young public companies have enjoyed a strong run in the public markets [...]
Reuters
May 30, 2020
@bsindia
Zoom has attracted millions of free and paying customers amid the pandemic, in part because users could join a meeting - something that now happens 300 million times a day - without registering
Betsy Morris
May 28, 2020
Fox News
"Zoom fatigue" is way more than a byproduct of too many meetings -- Social scientists say it's the result of the sudden mass adoption of technology that's disrupting the normal, instinctual and finely-tuned way of communicating that developed to help humans survive.
Peerzada Abrar
May 27, 2020
@bsindia
Sankarlingam will oversee the companys engineering, product, and dev ops teams .
May 27, 2020
Hindustan Times
Held once every two years to elect the party president and other committees, the Mahanadu also deliberates upon various issues ranging from national to state affairs.
Rhett Allain
May 26, 2020
Wired
To go that fast, it would need a ridiculous amount of fuel--and even then, it might never come back down.
Business Standard Editorial Comment
May 24, 2020
@bsindia
Banning the platform is not the right solution
May 22, 2020
https://www.outlookindia.com/
On a covided planet, almost everyone is using a virtual platform to socialise, work from home, or 'see' a doctor. The Zoom technology has helped bring the world closer
Agencies
May 23, 2020
@bsindia
The petitioner, Harsh Chugh, argued that the software application was not safe and did not have end-to-end encryption
Diana Spechler
May 21, 2020
the Guardian
'The touch we're missing is the soothing kind - a supportive pat on the back, a sincere hug, an empathetic stroke of the arm, a friendly hand squeeze, a lover's kiss.' Photograph: Photographer is my life./Getty Images
Connie Loizos
May 21, 2020
TechCrunch
Run The World, a year-old startup that's based in Mountain View, Calif., and has small teams both in China and Taiwan, just nabbed $10.8 million in Series A funding co-led by earlier backer Andreessen Horowitz and new backer Founders Fund. It's easy to understand the firms' interest in the company, whose platform features every functionality [...]
Michael Waters
May 21, 2020
Wired
Could a trial by one's peers still work, when all one's peers are WFH?
Nicole Pajer
May 21, 2020
Wired
The bride and groom had a month and a half to move their ceremony online. Here's how they did it, from the AV setup to instructions for guests.
Reza Chowdhury
May 20, 2020
AlleyWatch
The Pulse of New York Tech
Holly Williams
May 20, 2020
www.nytimes.com
Watching on a screen can feel like a poor imitation of real-life theater, but some artists are using the communications technology we now rely on to enhance the streaming experience.
Our Foreign Staff
May 20, 2020
The Telegraph
37-year-old Malaysian received the sentence for his role in a 2011 heroin transaction on a video-call due to lockdown restrictions
May 19, 2020
WebWire
FUJIFILM Medical Systems U.S.A., Inc., a leading provider of endoscopic imaging solutions, and part of the greater Fujifilm Healthcare portfolio, has announced several global milestones and initiatives to advance the field of endoscopy and endoscopic health over the course of its passed fiscal year., , , , "Fujifilm is working diligently on a global scale to improve the quality and production of potentially life-saving endoscopy technologies, and we're proud to share our latest advancements...
Boone Ashworth
May 18, 2020
Wired
Children need some room of their own just as much as their parents. Here's how to help them get into the Zoom zone.
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References

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