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Zoom Raises $100m On $1B Valuation, Plans To Invest In Ar And Vr

by zdnet.com posted 2weeks ago 37 views
Cloud video conferencing company Zoom has achieved unicorn status after raising $100 million in a Series D round that valued it at $1 billion. Zoom is the newest member of the unicorn club, having secured $100 million on a billion-dollar valuation. The Series D round was led by Sequoia Capital, with contribution from existing investors Emergence Capital, AME Cloud Ventures, and Qualcomm Ventures. The latest round brings the total amount raised by the cloud video conferencing service to $145.5 million, with the company also claiming to have become cashflow positive from Q3 of 2016.

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