Brian Hurd Zoomable Media Inc Biography & Facts
Zoom Video Communications, Inc. (commonly shortened to Zoom, and stylized as zoom) is an American communications technology company headquartered in San Jose, California. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations.Eric Yuan, a former Cisco engineer and executive, founded Zoom in 2011, and launched its software in 2013. Zoom's aggressive revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a "unicorn" company. The company first became profitable in 2019, and completed an initial public offering that year. The company joined the NASDAQ-100 stock index on April 30, 2020.Beginning in early 2020, Zoom's software usage saw a significant global increase after quarantine measures were adopted in response to the COVID-19 pandemic. Its software products have faced public and media scrutiny related to security and privacy issues.
Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. He left Cisco in April 2011 with 40 engineers to start a new company, originally named Saasbee, Inc. The company had trouble finding investors because many people thought the videotelephony market was already saturated. In June 2011, the company raised $3 million of seed money from WebEx founder Subrah Iyar, former Cisco SVP and General Counsel Dan Scheinman, and venture capitalists Matt Ocko, TSVC, and Bill Tai.In May 2012, the company changed its name to Zoom, influenced by Thacher Hurd's children's book Zoom City. In September 2012, Zoom launched a beta version that could host conferences with up to 15 video participants. In November 2012, the company signed Stanford University as its first customer. The service was launched in January 2013 after the company raised a $6 million Series A round from Qualcomm Ventures, Yahoo! founder Jerry Yang, WebEx founder Subrah Iyar, and former Cisco SVP and General Counsel Dan Scheinman. Zoom launched version 1.0 of the program allowing the maximum number of participants per conference to be 25. By the end of its first month, Zoom had 400,000 users and by May 2013 it had 1 million users.
In July 2013, Zoom established partnerships with B2B collaboration software providers, such as Redbooth (then Teambox), and also created a program named Works with Zoom, which established partnerships with Logitech, Vaddio, and InFocus. In September 2013, the company raised $6.5 million in a Series B round from Horizon Ventures, and existing investors. At that time, it had 3 million users. In April 2020, the app's CEO, Eric Yuan, announced Zoom's daily users have ballooned to more than 200 million.On February 4, 2015, the company received US$30 million in Series C funding from investors including Emergence Capital, Horizons Ventures (Li Ka-shing), Qualcomm Ventures, Jerry Yang, and Patrick Soon-Shiong. At that time, Zoom had 40 million users, with 65,000 organizations subscribed and a total of 1 billion meeting minutes since it was established. Over the course of 2015 and 2016, the company integrated its software with Slack, Salesforce, and Skype for Business. With version 2.5 in October 2015, Zoom increased the maximum number of participants allowed per conference to 50 and later to 1,000 for business customers. In November 2015, former president of RingCentral David Berman was named president of the company, and Peter Gassner, the founder and CEO of Veeva Systems, joined Zoom's board of directors.In January 2017, the company raised US$100 million in Series D funding from Sequoia Capital at a US$1 billion valuation, making it a so-called unicorn. In April 2017, Zoom launched a scalable telehealth product allowing doctors to host remote consultations with patients. In May, Zoom announced integration with Polycom's conferencing systems, enabling features such as multiple screen and device meetings, HD and wireless screen sharing, and calendar integration with Microsoft Outlook, Google Calendar, and iCal. From September 25–27, 2017, Zoom hosted Zoomtopia 2017, its first annual user conference. At this conference, Zoom announced a partnership with Meta to integrate Zoom with augmented reality, integration with Slack and Workplace by Facebook, and first steps towards an artificial intelligence speech recognition program.
IPO and onward
On April 18, 2019, the company became a public company via an initial public offering. After pricing at US$36 per share, the share price increased over 72% on the first day of trading. The company was valued at US$16 billion by the end of its first day of trading. Prior to the IPO, Dropbox invested $5 million in Zoom.During the COVID-19 pandemic, Zoom saw a major increase in usage for remote work, distance education, and online social relations. Thousands of educational institutions switched to online classes using Zoom. This was also used during the pandemic in 2020 and 2021. The company offered its services free to K–12 schools in many countries. By February 2020, Zoom had gained 2.22 million users in 2020 – more users than it amassed in the entirety of 2019. On one day in March 2020, the Zoom app was downloaded 2.13 million times. Daily meeting participants rose from about 10 million in December 2019 to more than 300 million daily meeting participants in April 2020. This led to an increase in the company's stock price in early 2020, despite a general stock market downturn. Zoom stock went from less than $70 per share in January 2020 to $150 per share by the end of March. By June 2020, the company was valued at over $67 billion.On May 7, 2020, Zoom announced that it had acquired Keybase, a company specializing in end-to-end encryption. In June 2020, the company hired its first chief diversity officer, Damien Hooper-Campbell.In July 2020, Zoom announced its first hardware as a service products, bundling its videoconferencing software with third-party hardware by DTEN, Neat, Poly, and Yealink, and running on the ServiceNow platform. It began with Zoom Rooms and Zoom Phone offerings, with those services available to US customers, who can acquire hardware from Zoom for a fixed monthly cost. On July 15, 2020, the company announced Zoom for Home, a line of products for home use, designed for those working from home. The first product, with software by Zoom and hardware by DTEN, is called Zoom for Home - DTEN ME. It consists of a 27-inch screen with three wide-angle cameras and eight microphones, with Zoom software preloaded on the device. It became available in August 2020. By September 2020, Zoom's stock price had increased 569% over the course of the year, lifting its market cap to $129 billion.On July 3–4, using Zoom Webinar, the International Association of Constitutional Law organized the first "round-the-clock and round-the-globe" event that traveled through .... Discover the Brian Hurd Zoomable Media Inc popular books. Find the top 100 most popular Brian Hurd Zoomable Media Inc books.