Highfive raises $32M Sequence C for its video conferencing platform
Highfive, a startup that’s constructing an built-in software program and video conferencing answer, immediately introduced that it has raised a $32 million Sequence C spherical, which brings the Redwood Metropolis-based firm’s whole funding to $77.four million. The lead investor for this spherical was Dimension Knowledge, a serious world expertise integrator and managed providers subsidiary of Japan’s NTT Group. Present traders Lightspeed, Normal Catalyst and Andreessen Horowitz additionally participated on this spherical.
Highfive tells us that its annual recurring income grew by over 100 p.c within the final 12 months and that its customers now maintain greater than 140,000 conferences that final a complete of 16 million minutes per 30 days. Present Highfive customers embrace Paperless Put up, The Atlantic, Warby Parker, and the Woman Scouts of Northern California.
Essentially the most attention-grabbing investor right here is Dimension Knowledge. Apart from its cloud computing, safety and varied managed providers choices, Dimension additionally focuses on serving to enterprise arrange their conferencing providers. As such, its focus is totally on Cisco’s providers, but it surely additionally works with Polycom, Avaya and Microsoft. What’s most necessary for Highfive right here, although, is that it additionally signed a worldwide distribution cope with Dimension information — and to assist that, Highfive has scaled its world information heart presence to 18 AWS areas all over the world.
“Our growth reflects the continued need for video conferencing that’s easy-to-use and deployable across every meeting room,” mentioned Shan Sinha, Co-Founder and CEO of Highfive, in immediately’s announcement. “With Dimension Knowledge’s thirty years of trade expertise, we see the corporate’s funding as validation for what we’ve constructed at Highfive, and our imaginative and prescient for a way we will make firms work higher collectively.”
Highfive will use the brand new funding to scale its gross sales and advertising groups and gasoline its world enlargement.