Loom is a software company that develops communication software for asynchronous presentations through sharable video recordings.
Loom is a San Francisco-based company that has developed a video messagingvideo-messaging platform of the same name. It was founded in 2015 by Joe Thomas, Shahed Khan, and Vinay Hiremath and later acquired by Atlassian in 2023.The2023. The software can be used for team communication between engineers, sales, design, customer support, and leadership.
Loom is a video-messaging platform that is intended to be used for professional purposes to communicate among teammates. The platform can be used through its Chrome extentionextension, desktop app, or mobile app. Loom records the user with the camera associated with the computer or laptop. It can also record the computer screen at the same time to show what the recorder is seeing on the screen. Then, the video can be embedded into a communication channel or business software to be shared with teammates, such as Slack or Asana.
In August 2023, Loom announced the launch of its artificial intelligence (AI) suite of services and solutions that were a result of a partnership with Google Workspace. There were features added to the platform, such as one to create a transcript of the video using speech-to-text technology, which is available forin more than 50fifty languages. The transcript is arranged into chapters with timestampstime stamps so viewers can find specific parts of the video that are about a certain topic.
In October 2023, Australia-based work management platform Atlassian announced its plans to acquire Loom for $975 million. Loom was considered a "unicorn" in May 2021 when it had a $1.53 billion valuation. At the time, many companies worldwide were still depending on collaborating remotely due to the COVID-19 pandemic, making it unsafe to be in close contact with other people.
It is reported that Atlassian will pay $880 million in cash, and the remainder will be in the form of Atlassian equity rewards. The announcement was only the beginning of the acquisition process, and it is expected that the acquisition will be complete in the third quarter of 2024.
During the pandemic of COVID-19, coronavirus, video conferencing technologies and platforms had increased in public use, specifically Loom and Zoom. In response to the surge in need for use, Loom offered longer free trials and reduced subscription fees. The company also made the platform free to educators across almost every educational institution.
Loom is a San Francisco-based company that has developed a video messaging platform of the same name. It was founded in 20162015 by Joe Thomas, Shahed Khan, and Vinay Hiremath and later acquired by Atlassian in 2023.The software can be used for team communication between engineers, sales, design, customer support, customer success, and leadership.
Loom is a video-messaging platform that is intended to be used for professional purposes to communicate among teammates. The platform can be used through its Chrome extention, desktop app, or mobile app. Loom records the user with the camera associated with the computer or laptop. and itIt can also record the computer screen at the same time to show what the recorder is seeing on the screen. Then the video can be embedded into a communication channel or business software to be shared with teammates, such as Slack or Asana.
On October 7, 2016 Loom announced raising $600,000 in seed funding from 1517 Fund (lead investor), Elementum Ventures, Eric Wittman, and Andy Chou.
On May 22, 2017 Loom announced raising an additional $3.2 million in seed funding from Point Nine Capital (lead investor), General Catalyst (lead investor), Slack, Lee Jacobs, Hiten Shah, Brian Balfour, and Andy Chou.
On February 19, 2019 Loom announced raising $11 million in series A funding from Kleiner Partners (lead investor), Jared Leto, Dylan Field, and Danial Gross. The company plans on using their series A funding to begin offering new products and to accelerate its growth. Also at the time of announcing their series A funding the company announced Ilya Fushman from Kleiner Perkins will join Loom's board of directors.
On November 26, 2019 Loom announced raising $30 million in series B funding from Sequoia Capital (lead investor), Mike Krieger, Mathilde Collin, Kleiner Perkins, Kevin Systrom, and Dylan Field. The company plans on using the funding to improve their software security and launch beta access to their software product in early 2020.
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May 22, 2017
October 7, 2016
May 20, 2021
In October 2023, Australia-based work management platform Atlassian announced its plans to acquire Loom for $975 million. Loom was considered a "unicorn" in May 2021 when it had a $1.53 billion valuation. inAt Maythe 2021 whentime many companies worldwide were still depending on collaborating remotely due to the COVID-19 pandemic making it unsafe to be in close contact with other people.
In October 2023, Australia-based work management platform Atlassian announced its plans to acquire Loom for $975 million. Loom had a $1.53 billion valuation in May 2021 when many companies worldwide were still depending on collaborating remotely due to the COVID-19 pandemic making it unsafe to be in close contact with other people.
In October 2023, Australia-based work management platform Atlassian announced its plans to acquire Loom for $975 million. It is reported that Atlassian will pay $880 million in cash and the remainder will be in the form of Atlassian equity rewards. The announcement was only the beginning of the acquisition process and it is expected that the acquisition will be complete in the third quarter of 2024.
During the pandemic of COVID-19COVID-19, coronavirus, video conferencing technologies and platforms had increased in public use, specifically Loom and ZoomZoom. In response to the surge in need for use, Loom offered longer free trials and reduced subscription fees. The company also made the platform free to educators across almost every educational institution.
August 2023
May 20, 2021
March 2020
January 2017
June 2016
2016
Loom is a software company makingthat develops communication software for instantlyasynchronous sharingpresentations videosthrough sharable video recordings.
Loom is a San FranciscoSan Francisco-based company that has developed a video messaging platform of the same name. It was founded in 2016 by Joe Thomas, Shahed Khan, and Vinay Hiremath and later acquired by Atlassian in 2023.The software can be used for team communication between engineers, sales, design, customer support, customer success, and leadership.
Loom is a video-messaging platform that is intended to be used for professional purposes to communicate among teammates. The platform can be used through its Chrome extention, desktop app, or mobile app. Loom can recordrecords the user with the camera associated with the computer or laptop and it can also record the computer screen at the same time to show what the recorder is seeing on the screen. Then the video can be embedded into business software to be shared with teammates, such as Slack or Asana.
In August 2023, Loom announced the launch of its artificial intelligence (AI) suite of services and solutions that were a result of a partnership with Google Workspace. There were features added to the platform, such as one to create a transcript of the video using speech-to-text technology, which is available for more than 50 languages. The transcript is arranged into chapters with timestamps so viewers can find specific parts of the video that are about a certain topic.
The videos recorded by Loom leverage artificial intelligence (AI) to create a transcript of the video using speech-to-text technology.
The AI also automatically generates a title for each video based on the contents of the video and creates a task list of action items for the team members who are mentioned in the video. Loom's AI suite enables users to easily edit their videos as well with a feature that allows them to remove filler words or long silences.
In October 2023, Australia-based work management platform Atlassian announced its plans to acquire Loom for $975 million. It is reported that Atlassian will pay $880 million in cash and the remainder will be in the form of Atlassian equity rewards. The announcement was only the beginning of the acquisition process and it is expected that the acquisition will be complete in the third quarter of 2024.
Some of Loom's top competitors include companies such as BombBomb, Zoom, Vidyard, CloudApp, and Miro. During the pandemic of COVID-19, coronavirus, video conferencing technologies and platforms had increased in public use, and Zoom specifically had seen a growth in use.
During the pandemic of COVID-19, coronavirus, video conferencing technologies and platforms had increased in public use, specifically Loom and Zoom.
Loom is a video-messaging platform that is intended to be used for professional purposes to communicate among teammates. The platform can be used through its Chrome extentionChrome extention, desktop app, or mobile app. Loom can record the user with the camera associated with the computer or laptop and it can also record the computer screen at the same time to show what the recorder is seeing on the screen. Then the video can be embedded into business software to be shared with teammates, such as Slack Slack or AsanaAsana.
October 12, 2023
Loom is a softwareSan Francisco-based company making communication software for instantly sharing videos that ishas headquartereddeveloped ina Sanvideo Francisco,messaging Californiaplatform andof the same name. It was founded in 2016 by Joe Thomas, Shahed KhanShahed Khan, and Vinay Hiremath. and later acquired Theby companyAtlassian claimsin their2023.The software can be used for team communication between engineers, sales, design, customer support, customer success, and leadership.
Loom is a video-messaging platform that is intended to be used for professional purposes to communicate among teammates. The platform can be used through its Chrome extention, desktop app, or mobile app. Loom can record the user with the camera associated with the computer or laptop and it can also record the computer screen at the same time to show what the recorder is seeing on the screen. Then the video can be embedded into business software to be shared with teammates, such as Slack or Asana.
The videos recorded by Loom leverage artificial intelligence (AI) to create a transcript of the video using speech-to-text technology.
ALoom is a software company making communication software for instantly sharing videos.