Austin tech firm Lifesize spins off, raises $17.5 million

Jan 14, 2016

myStatesman | Lori Hawkins

Lifesize, which pioneered the development of high-end videoconferencing systems, is once again an independent company, with a new infusion of capital.

The company said Thursday it has spun off from parent company Logitech and has received $17.5 million from three Silicon Valley venture firms — Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners.

Lifesize will be headquartered in Austin and will be led by co-founder Craig Malloy.

The company was founded in Austin in 2003 by Malloy and Michael Kenoyer, both veterans of the videoconferencing industry. Lifesize raised $81 million from investors including Austin Ventures and Redpoint and introduced the industry’s first high-definition videoconferencing system.