Zoom’s IPO Highlights Rapid Growth In The Videoconferencing Space

Apr 9, 2019

Crunchbase News | Alex Wilhelm & Natasha Mascarenhas

In the wake of the strong-numbered Zoom S-1 IPO filing, two smaller video conferencing-focused startups also dropped financial updates. Lifesize, an Austin company that sells video conference software and hardware, has $98 million in funding to-date.

We care about these financial metrics because they illustrate how much room there is in the industry; it’s hard to get three companies to nine-figure revenue (and revenue-predicate) results without real market demand for the products and services on offer. Last week, Lifesize announced that it “has surpassed $100 million in bookings with an 80 percent compound annual growth rate (CAGR) for annual recurring revenue (ARR) over the last four years.”