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Dear Zoom Community,
Today we announced that Zoom has raised $100 million in Series D funding from Sequoia, with additional participation from Emergence Capital, Jerry Yang’s AME Cloud Ventures, and Qualcomm Ventures. We also announced the launch of Zoom 4.0, a new release featuring leading-edge innovations for enhanced enterprise functionality.
By addressing the huge market demand for cloud-based video conferencing, Zoom is seizing a leadership position and filling the void created by the industry’s fading legacy providers. With this support from Sequoia, we will develop revolutionary products and features such as virtual reality, augmented reality, and the Zoom Developer Platform; expand internationally; and grow our sales and marketing teams.
Why did Sequoia invest in Zoom? I asked Carl Eschenbach, partner at Sequoia and new member of our Board of Directors, to answer that for himself during a recent Zoom video meeting:
Over the coming weeks we will use this blog to give you all the details on Zoom 4.0. In the meantime, here are the highlights:
We are so happy to partner with Sequoia for this exciting new phase of growth for our company. We will continue to focus on making the best, most reliable service for you, our customers. You have made everything we do at Zoom possible, and we are so grateful for your support.
Eric S. Yuan
Founder and CEO of Zoom