Company:KumoSpace

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KumoSpace
TypePrivately held company
IndustryCommunication software, Virtual office, virtual workplace
FoundedNovember 1, 2020; 4 years ago (2020-11-01)
FounderYang Mou, Brett Martin
Headquarters
New York City
,
United States
Area served
Worldwide
Websitewww.kumospace.com

KumoSpace is a company that specializes in virtual office software. It is based in New York City, NY, United States.[1][2][3][4]

History

The founders of KumoSpace are two friends — Yang Mou and Martin Brett. Before that, they created several companies focused on using technology to connect people: Sonar, Switch, and finally, Kumospace.[5]

Yang Mou (co-founder and CEO), previous to KumoSpace, led consumer-facing software development at Oscar Health.[5] According to the New York Times, KumoSpace founders were mainly influenced by multiplayer online role-playing games such as World of Warcraft.[5]

During the platform's development from August 2020 to March 2021, Kumospace increased its active user base 100 times from an undisclosed base.[6]

The official date of Kumospace's creation is November 1, 2020. A few weeks later (November 23), the venture studio Boldstart made the first check.[7]

In April 2021, Kumospace announced that it had secured $3 million in seed funding led by Boldstart Ventures.[8] In December 2020, the Quotient marketing team used the Kumospace platform for a New Year's party.[9]

In August 2022, Kumospace closed a $21 million Series A round led by Lightspeed with participation from Boldstart Ventures and others. The Series A brings 20-employee Kumospace's total raised capital to $24 million.[1]

Super Goop, a cosmetic brand specializing in SPF, presented the launch of its new product Glowscreen Body SPF 40, through Kumospace's digital platform. It is the first known experience in Thailand. The created space was in line with the brand's concept. The event featured a large swimming pool and a broadcast by the brand's founder.[1][10]

Workflow

Users can log in as guests without providing an email address. After selecting an avatar, they enter a stylized, video game-like simulation of a physical office with chairs, coffee tables, water coolers, and conference rooms. The platform offers team-building analogs, such as games, music, and drinks (in a virtual bar).[11]

KumoSpace has ten rooms, each with a challenge you can solve with your team. Over time, Kumospace plans to expand the range of games embedded in the virtual environment.[12]

Virtual office spaces come in different sizes and are designed for 30 people.[13]

References

  1. 1.0 1.1 1.2 Wiggers, Kyle (2022-08-08). "Kumospace nabs cash to replace physical offices with virtual ones" (in en-US). https://techcrunch.com/2022/08/08/kumospace-raises-new-cash-to-replace-physical-offices-with-virtual-ones/. 
  2. "Kumospace levanta dinheiro para substituir escritórios físicos por virtuais - TEG6" (in pt-BR). 2022-08-08. https://teg6.com/58803/noticias/kumospace-levanta-dinheiro-para-substituir-escritorios-fisicos-por-virtuais/. 
  3. Vasel, Kathryn (2020-12-01). "Companies are getting creative with their office holiday parties | CNN Business" (in en). https://www.cnn.com/2020/12/01/success/virtual-office-holiday-parties/index.html. 
  4. Lu, Yiren; Abella, Derek (2021-02-17). "The Race to Fix Virtual Meetings" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2021/02/17/magazine/video-conference.html. 
  5. 5.0 5.1 5.2 Lu, Yiren; Abella, Derek (2021-02-17). "The Race to Fix Virtual Meetings" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2021/02/17/magazine/video-conference.html. 
  6. "Immersive spatial video chat provider Kumospace raises $3M in seed funding" (in en-US). 2021-04-21. https://siliconangle.com/2021/04/21/immersive-spatial-video-chat-provider-kumospace-raises-3m-seed-funding/. 
  7. "Kumospace" (in en-US). https://boldstart.vc/companies/kumospace/. 
  8. FinSMEs (2021-04-21). "Kumospace Raises $3M in Seed Funding" (in en-US). https://www.finsmes.com/2021/04/kumospace-raises-3m-in-seed-funding.html. 
  9. Vasel, Kathryn (2020-12-01). "Companies are getting creative with their office holiday parties | CNN Business" (in en). https://www.cnn.com/2020/12/01/success/virtual-office-holiday-parties/index.html. 
  10. https://positioningmag.com/author/sukyai+(2021-09-29).+"งานอีเวนต์ออนไลน์มิติใหม่ครั้งแรกในไทย! Supergoop! เปิดตัวผลิตภัณฑ์ Glowscreen Body SPF 40 กันแดดผิวกายเนื้อโลชั่น ผ่าน Kumospace ผู้นำด้านเวิล์ดดิจิทัลพร้อมเพลิดเพลิน Virtual Pool Party จิบมินิบาร์ ท้าแดด!" (in en-US). https://positioningmag.com/1353877. 
  11. Wiggers, Kyle (2022-08-08). "Kumospace nabs cash to replace physical offices with virtual ones" (in en-US). https://techcrunch.com/2022/08/08/kumospace-raises-new-cash-to-replace-physical-offices-with-virtual-ones/. 
  12. Lu, Yiren; Abella, Derek (2021-02-17). "The Race to Fix Virtual Meetings" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2021/02/17/magazine/video-conference.html. 
  13. Staff (2021-10-19). "Kumospace: Try this fun new way to mix up your virtual meetings" (in en-US). https://barrie360.com/kumospace-try-this-fun-new-way-to-mix-up-your-virtual-meetings/.