Company: Zoom
Founder: Eric Yuan
Website: https://zoom.us/
Business: An online communications platform enabling people to connect remotely through video, audio, chat and content sharing.
About Zoom
Founded in 2011, Zoom helps people to connect remotely through its online platform, enabling users to communicate through video, audio, chat and content sharing. The company state:
“Zoom helps businesses and organisations bring their teams together in a frictionless environment to get more done” with a mission “to develop a people-centric cloud service that transforms the real-time collaboration experience and improves the quality and effectiveness of communications forever.”
The company have received a number of awards since their launch, including the JMP Hot 100 Award, Emergence Capital’s Emergence Award, as well as being placed on the Forbes Cloud 100 List and dubbed a Named Visionary in the 2015 Gartner Web Conferencing Magic Quadrant.
Whilst the company was founded almost a decade ago, and is well recognised for its services, since the coronavirus health crisis, and the subsequent social distancing measures enforced, Zoom has become the go-to platform for people to connect during lockdown. It’s services were initially packaged towards businesses and other organisations, facilitating professional meetings, however, since the 2020 pandemic, many are also using Zoom for virtual social gatherings with friends and family members.
Dubbed by the Guardian as “the latest Silicon Valley gold mine” Zoom has seen astronomical growth since the COVID-19 outbreak, its revenue for 2020’s first fiscal quarter from February to April having more than doubled compared to a year ago, with a profit increase from $198,000 to $27 million.
