Results
FuzeBox Announces $20M in Series A Funding
July 12 2012
Fu
FuzeBox, the global leader in real-time visual collaboration across mobile and desktop devices, today announced it has closed a $21 million Series A financing to scale its products, sales and marketing efforts worldwide. The round is being led by Index Ventures with participation from Khosla Ventures, Insight Ventures.
Fuzebox technology is designed to give users total freedom from locations, varying networks, and low-resolution screen sharing solutions. FuzeBox solutions are cloud-based and make online meetings and conferencing experiences simple and intuitive, yet powerful enough to connect enterprise users across any device with a full suite of collaboration tools. The company’s platform powers over 78,000 online meetings per day in 122 countries and 10 different languages.
Mike Volpi, Partner at Index Ventures, will be joining the board to help the company grow its sales, marketing, and engineering force and support enterprise demand for its products. The infusion of capital will also allow FuzeBox to activate larger-scale marketing efforts to support its global expansion of high-end yet affordable enterprise communication and collaboration solutions.
The funding from industry architects such as Mike Volpi (Partner, Index Ventures) and Khosla Ventures (established by Sun Microsystem’s founder, Vinod Khosla) highlights the promise behind FuzeBox’s vision of cloud-based visual collaboration, and immense market opportunity.
"We are excited about FuzeBox because it empowers visual collaboration in today’s enterprises with a SaaS-based solution for any device – importantly, leading in mobile. Fuzebox is perfectly placed to be a leader in its market,” said Mike Volpi, Partner at Index Ventures.
Our vision is to revolutionize the way the world does business, bringing people face-to-face without sacrificing the most important qualities of human interaction and collaboration,” states Jeff Cavins, CEO of FuzeBox. “With today’s investment we believe we can make that vision a reality at scale.”
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