Technology Magazine October 2021 | Page 17

2015- 2016

2017- 2018

2019- 2021

Improving Zoom ’ s services with new features
Following the Series C funding Zoom made one of its most significant updates to date with the introduction of Breakout Rooms .
In 2016 the company continued to grow and reported revenue growth of 300 %, it also landed exclusive branding with the basketball team Warriors .
More funding for more new features
Zoom kicked off 2017 by raising its single largest funding round to date . On January 17 , the company confirmed it had raised $ 100M as part of its Series D round led by Sequoia Capital .
Zoomtopia , the first-ever conference hosted by Zoom was in September 2017 .
Most of Zoom ’ s updates in 2018 were focused on improving existing products .
The impact of COVID-19
By 2019 , Zoom was dominating the B2B video communications space . In April 2020 Yuan announced that Zoom ’ s daily users ballooned to more than 200 million .
At the start of 2021 Zoom raised $ 2 billion through a common stock offering . Now , the company is valued at around $ 100 billion .
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