Company:Loom
{{Infobox company | name = Loom | industry = Technology | founded = 2015 | founder = Vinay Hiremath, Shahed Khan, and Joe Thomas | hq_location_city = San Francisco, CA | hq_location_country = the USA | products = communication software | website = https://www.loom.com/
Loom is a technology company that provides video communication software for work. Loom’s technology includes screen and camera recording, video editing, transcription, and the ability to share the recorded video link with others.
According to Forbes , the company is valued at $1.5 billion and has secured $200 million in funding from venture funds such as Sequoia, Andreessen Horowitz, ICONIQ, Coatue, and Kleiner Perkins.[1][2]
In 2021, Loom users recorded more than 58 million looms.[3]
The company is remote, but is headquartered in San Francisco , CA, with an office in New York City .
History
In 2015, the company was founded by Vinay Hiremath, Shahed Khan, and Joe Thomas in San Francisco, CA.[4][1]
In June 2016, the Loom Chrome extension was released for recording a user’s screen and face, and then providing a link for the video.[5][1]
In August 2018, Loom desktop app was launched.[6][7]
In April 2020, the company released Loom for iOS.[8][9]
In March 2021, the Loom Android app was launched.[10]
In June 2021, Loom launched a software developer kit beta version that allows companies to add a Loom-powered video record button to their own applications.[11]
In the same year, the company surpassed 14 million users and 200,000 businesses across 230 countries worldwide.[12]
In 2022, Loom launched Loom HQ as the next iteration of the company’s platform for corporate teams.[13]
Investments
In October 2016, the company closed its Seed Round with $600,000. The lead investor was 1517 Fund.[14]
In February 2019, Loom received nearly $11m in a Series A round led by Kleiner Perkins.[14]
In November 2019, the video messaging platform raised $30m in a Series B round led by venture capital firm Sequoia Capital.[15]
In May 2020, Loom closed a $28.75m second Series B by Sequoia Capital and Coatue. The investments valued the company at an estimated $350 million.[16]
In May 2021, the company received $130m in a Series C round led by Andreessen Horowitz, securing the company’s status as a “unicorn” and a $1.53 billion valuation.[17]
Recognition
In 2021, Loom entered the top three favorites in the category "Communicate and collaborate" Google's Best Chrome Extensions.[18]
In the same year, the company was named the best medium-size companies for remote employees by Quartz.[19]
In 2022, Loom was included on Inc.’s “Best Workplaces 2022” list.[20]
The same year, CEO Joe Thomas and CTO Vinay Hiremath were included in EY’s Entrepreneur Of The Year 2022 Bay Area Finalists.[21]
References
- ↑ 1.0 1.1 1.2 Li, Steven. "Nearly-Broke To $1.5 Billion: How They Built Loom And Grew It To 14 Million Users" (in en). https://www.forbes.com/sites/stevenli1/2022/03/14/nearly-broke-to-15-billion-how-he-built-loom-and-grew-it-to-14-million-users/.
- ↑ "Loom Workplace Video Message Platform Valued at $1.53 Billion" (in en). Bloomberg.com. 2021-05-20. https://www.bloomberg.com/news/articles/2021-05-20/loom-workplace-video-message-platform-valued-at-1-53-billion.
- ↑ Inc, Loom (2021-11-23). "Loom Drives Millions of New Users, Significant Team Growth in 2021" (in en). https://www.globenewswire.com/news-release/2021/11/23/2339894/0/en/Loom-Drives-Millions-of-New-Users-Significant-Team-Growth-in-2021.html.
- ↑ "Work-focused video messaging platform startup Loom raises $130M on $1.5B valuation" (in en-US). 2021-05-20. https://siliconangle.com/2021/05/20/work-focused-video-messaging-platform-startup-loom-raises-130m-unicorn-valuation-1-53b/.
- ↑ Pierce, David (2021-10-30). "How Loom created an industry — and maybe figured out the future of work" (in en). https://www.protocol.com/loom.
- ↑ "Loom is Introducing a Desktop Screencasting Tool" (in en). https://www.freetech4teachers.com/2018/07/loom-is-introducing-desktop.html.
- ↑ "Loom: Bring Learning Alive With Free Screencasting Software". https://www.kathleenamorris.com/2019/04/10/loom-screencast/.
- ↑ podfeet (2020-09-27). "Make Screen Recordings and Have Them Instantly Available Online using Loom" (in en-US). https://www.podfeet.com/blog/2020/09/loom-video-recording/.
- ↑ "Loom - Create Screencasts on Your iPad" (in en). https://www.freetech4teachers.com/2020/05/loom-create-screencasts-on-your-ipad.html.
- ↑ "Loom releases Android app for screen recordings". 2021-03-24. https://blog.redeeem.com/loom-releases-android-app-for-screen-recording/.
- ↑ "Loom's new SDK lets any company add video messaging to their apps" (in en-US). 2021-06-02. https://venturebeat.com/cloud/looms-new-sdk-lets-any-company-add-video-messaging-to-their-apps/.
- ↑ Gyimesi, Jenna. "My cofounders and I grew our app to 14 million users, but it wasn't easy. Here's how we got the first million and what I learned." (in en-US). https://www.businessinsider.com/how-i-got-my-first-million-users-loom-vinay-hiremath-2022-2.
- ↑ Finnegan, Matthew (2022-04-01). "Async video platform Loom gets collaborative 'HQ'" (in en). https://www.computerworld.com/article/3655935/async-video-platform-loom-gets-collaborative-hq.html.
- ↑ 14.0 14.1 FinSMEs (2019-02-19). "Loom Raises $11M in Series A Funding" (in en-US). https://www.finsmes.com/2019/02/loom-raises-11m-in-series-a-funding.html.
- ↑ "Loom loots $30m in series B round". 2019-11-27. https://globalventuring.com/corporate/loom-loots-30m-in-series-b-round/.
- ↑ Wilson, Alexandra. "Exclusive: Why All-Star Investors Think $350 Million Video Startup Loom Is The Next Big Thing In Remote Work Tech" (in en). https://www.forbes.com/sites/alexandrawilson1/2020/05/28/exclusive-why-all-star-investors-think-350-million-video-startup-loom-is-the-next-big-thing-in-remote-work-tech/.
- ↑ "Video Messaging Platform Loom Secures Unicorn Status Following $130M Series C | Built In San Francisco" (in en). https://www.builtinsf.com/2021/05/21/loom-raises-130m-series-c-video-messaging-unicorn.
- ↑ "Our favorite Chrome extensions of 2021" (in en-us). 2021-12-07. https://blog.google/products/chrome/our-favorite-chrome-extensions-2021/.
- ↑ Staff, Quartz (2021-09-08). "Quartz's 2021 ranking of the best companies for remote workers" (in en). https://qz.com/work/2053446/the-best-companies-for-working-from-home/.
- ↑ "These Are the 475 Best Companies to Work For in America" (in en). https://www.inc.com/best-workplaces/2022.
- ↑ "EY Announces Entrepreneur Of The Year® 2022 Bay Area Finalists" (in en-US). https://www.ey.com/en_us/news/2022/05/ey-announces-eoy-2022-bay-area-finalists.
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