'Zoom's cloud-based video conferencing has a richer feature set and better user experience at a much more affordable cost. 'Businesses aren't fully satisfied with the status quo in video conferencing,' said Eric Yuan, Zoom's CEO and Founder. Zoom truly is one of the most capital efficient and fastest growing SaaS companies,' said Santi Subotovsky, Partner, Emergence Capital. The company's explosive growth over the past year shows that they are primed to emerge as the industry's market leader, and Eric's key role at WebEx makes him the ideal entrepreneur for this opportunity. 'Zoom is a perfect fit with Emergence Capital's mission of investing in the cloud visionaries who are building the most important business applications. That growth, coupled with increased demand for easier-to-use SaaS-based solutions, creates a ripe opportunity for Zoom. Market Research firms are predicting that the global cloud collaboration market will reach $21.3 billion by 2019. Zoom will use the funding to scale its sales and marketing teams and expand its business worldwide. The investment more than doubles the funding Zoom has received in prior rounds and represents confidence from investors that Zoom can continue its impressive triple-digit growth and pioneer the future of business-grade cloud video collaboration. Zoom, the cloud video conferencing company, today announces that it has raised $30M in Series C funding, led by Emergence Capital, with participation from Zoom's existing investors Li Ka-shing's Horizons Ventures, former Yahoo! CEO and co-founder Jerry Yang, Qualcomm Ventures, and medical entrepreneur Dr.
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