Lifesize Spun off from Logitech as High Growth Re-Startup

Jan 14, 2016

AV Interactive |

Video-based conferencing specialist Lifesize has split from Logitech to become an independent company. The new business will use $17.5 million funding from three Silicon Valley venture-capital firms on marketing, hiring engineers, product development and customer-responsive innovation. Over the past 18 months, Lifesize has attempted to reinvent itself as a high-growth B2B SaaS company through what has been described as a difficulty and messy deconstruction of all aspects of its business. The company pivoted its business through the combined launch of Lifesize Cloud – its cloud-based video collaboration service – and the industry’s first integrated approach to connected cameras and HD phones. Funding for the spin-off has come from the venture-capital firms Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, while Logitech retains a meaningful interest. The company is now a “re-startup”, poised to compete with giants like Cisco, Citrix, ReadyTalk and Global Crossing in the $7 billion web, audio and video conferencing market.