Highfive raises $32M Sequence C for its video conferencing platform

Fundings and Exits

Highfive, a startup that’s constructing an built-in software program and video conferencing resolution, at present introduced that it has raised a $32 million Sequence C spherical, which brings the Redwood Metropolis-based firm’s complete funding to $77.four million. The lead investor for this spherical was Dimension Information, a significant international expertise integrator and managed companies subsidiary of Japan’s NTT Group. Current buyers 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 yr 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 embody Paperless Submit, The Atlantic, Warby Parker, and the Lady Scouts of Northern California.

Probably the most attention-grabbing investor right here is Dimension Information. In addition to its cloud computing, safety and varied managed companies choices, Dimension additionally focuses on serving to enterprise arrange their conferencing companies. As such, its focus is totally on Cisco’s companies, but it surely additionally works with Polycom, Avaya and Microsoft. What’s most essential for Highfive right here, although, is that it additionally signed a worldwide distribution take care of Dimension information — and to help that, Highfive has scaled its international information heart presence to 18 AWS areas around the globe.

“Our progress displays the continued want for video conferencing that’s easy-to-use and deployable throughout each assembly room,” stated Shan Sinha, Co-Founder and CEO of Highfive, in at present’s announcement. “With Dimension Information’s thirty years of business 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 corporations work higher collectively.”

Highfive will use the brand new funding to scale its gross sales and advertising and marketing groups and gas its international growth.

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