Blue Jeans Network, an interoperable video collaboration service provider based in California, recently secured $50 Mn in Series D, led by Battery Ventures with participation from its previous investors Accel Partners, New Enterprise Associates and Norwest Venture Partners. The recent round of funding brings the total overall financing for Blue Jeans to nearly $100 million.
In addition to supporting innovation, the funding will fuel market expansion with new offices in San Francisco and new operations in Europe and Australia.
An initiative by Krish Ramakrishnan, Ex CEO of Topspin Communications (acquired in 2005 by Cisco), Blue Jeans came into operations in 2009. The network aims at bridging the gap between increasingly dispersed social and business networks. It is a cloud-based conferencing service to enable people to connect with each other any time, any place and from any device.
“Our new way of thinking has captured more than one-third of the video conferencing services market in just two years. Our aim is to transform every distributed meeting into a video meeting, and continue to push the boundaries of visual business collaboration.” said Ramakrishnan.
In the last two years more than 2,000 diverse businesses, ranging from startups to the Fortune 100, have been using Blue Jeans to improve their businesses. Over three million participants from customers such as Edelman, Facebook, Match.com, Noble Energy, Opower and Stanford University have conducted nearly two million meetings with Blue Jeans.
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