Zoom Video Communications

Zoom Video Communications, Inc. was founded by Eric Yuan in California, U.S. The company provides videotelephony and online chat services through a cloud-based peer-to-peer software platform.

The very first version of Zoom was released on August 22, 2012.

Within four months (Jan 2013), Zoom 1.0 became available to the public.

By May 2013, Zoom had achieved 1 million users, indicating significant growth and adoption of its software.

Within five more months, Zoom had been used by one million different users.

In July 2013, Zoom established partnerships with B2B collaboration software providers and created a program named Works with Zoom.

In September 2013, Zoom raised $6.5 million in a Series B round from Facebook, Waze, and existing investors when it had 3 million users.

In August 2014, Zoom unveiled its Video Webinar platform.

On February 4, 2015, Zoom received US$30 million in Series C funding, signifying investor confidence and financial backing for the company.

In July 2016, Zoom introduced virtual backgrounds to the core product.

From September 25–27, 2017, Zoom hosted Zoomtopia 2017, its first annual user conference, where it announced key partnerships and technological advancements.

On April 18, 2019, Zoom became a public company through an initial public offering, with the share price increasing over 72% on the first day of trading.

On April 30, 2020, Zoom joined the NASDAQ-100 stock index, signifying its growing influence and market presence.

On May 7, 2020, Zoom announced that it had acquired Keybase, a company specializing in end-to-end encryption.

On July 15, 2020, the company announced Zoom for Home, a line of products for home use, designed for remote workers.

In January 2021, Zoom celebrated reaching 1 million Zoom Phone Seats, marking a significant milestone for the company's communication services.

In February, Zoom made an announcement about innovative features for Zoom Rooms to facilitate a safe return to the office environment, reflecting the company's commitment to workplace safety.

In April, Zoom revealed the establishment of a $100 million Zoom Apps Fund, demonstrating the company's investment in the development of new apps to enhance the Zoom platform.

In May, Zoom launched the Zoom Events Platform to cater to a wide range of event requirements, showcasing the company's expansion into the event management sector.

In June 2021, Zoom acquired Kites, an AI-based language translation company, aiming to enhance language capabilities in video calls, reflecting its focus on technological advancements.

In July 2021, Zoom announced its intention to acquire Five9 for $14.7bn, marking the largest acquisition in Zoom's history.

August 2021 marked the introduction of Zoom Clips, enhancing asynchronous communication, along with the launch of Zoom Events Production Studio and the Mobile App, expanding the capabilities of Zoom's platform.

In September 2021, Zoom's attempt to acquire contact center company Five9 for $14.7 billion was turned down by Five9's shareholders, impacting Zoom's expansion strategy.

Zoomtopia is an annual event where Zoom showcases its latest innovations and developments. It is a platform for Zoom to present its rapid evolution and new features.

Mark Esper participated in a Zoom meeting on this date.

The stock price of Zoom Video Communications closed at $66.71 on March 25, 2024, with a slight increase of 1.14%.