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About Loom
Industries
Consumer Software
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Acquired
Total Funding
$198M
Headquarters
San Francisco, California
Founded
2016
Overview
Loom offers a platform for recording and sharing video messages, primarily through its user-friendly screen recording tool. This tool enhances productivity and collaboration, especially in remote work settings, and is used by over 21 million people across 200,000 companies. Loom's freemium model attracts a large user base by providing a free basic version while charging for premium features, and it integrates seamlessly with tools like Google Workspace and Slack. The company's goal is to improve digital communication and collaboration while ensuring user data security.
Simplify's Take
What believers are saying
- Atlassian's acquisition provides Loom with increased resources and market reach.
- Integration of AI tools like Rewatch enhances Loom's video messaging capabilities.
- Growing remote work trends boost demand for Loom's video communication tools.
What critics are saying
- Integration challenges with Rewatch's AI could lead to user dissatisfaction.
- Strategic shifts post-acquisition may alienate existing Loom users.
- Intensifying competition in AI-driven video communication could overshadow Loom.
What makes Loom unique
- Loom offers seamless integration with tools like Google Workspace and Slack.
- The platform emphasizes enterprise-grade security to protect user data.
- Loom's freemium model attracts a broad user base with premium upsell opportunities.
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Funding
Total Funding
$198M
Above
Industry Average
Funded Over
5 Rounds
Coatue Management
Kleiner Perkins
General Catalyst
Andreessen HorowitzBenefits
Competitive compensation and equity package
99% company paid medical, dental, and vision coverage for employees and dependents
Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (DCFSA)
Healthcare reimbursement (for International employees)
Life, AD&D, Short and Long Term Disability Insurance
401(k) with 4% company matching
Professional development reimbursement
Mental health and wellness reimbursement
Gym reimbursement
Unlimited PTO
Paid parental leave
Remote work opportunities
Home office & technology reimbursement
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -6%2 year growth
↓ -4%Textele publicate în categoria Subiectiv sunt responsabilitatea autorilor, fiind opinii asumate de aceștia. Dacă vrei să afli mai multe opinii ale specialiștilor, urmărește categoria Subiectiv.În lumea producției industriale, ultimii 50 de ani au fost dominați de globalizare. Am văzut o tranziție a producției către țări cu salarii mai mici, alături de optimizarea continuă a lanțului de aprovizionare. Dacă productivitatea nu putea fi crescută (suficient) printr-o tehnologie mai bună, Excel-ul era acolo pentru a ne salva.Dar lucrurile se schimbă, iar cele mai recente evoluții tehnologice, tendințele geopolitice și cultura Generației Z accelerează o transformare profundă a peisajului producției.Acest lucru are un impact important: producția este una dintre industriile cheie ale Uniunii Europene, cu o cifră de afaceri netă de 8,3 trilioane EUR și 28,7 milioane de oameni angajați în 2021 (conform Eurostat), reprezentând 23,6% din valoarea adăugată totală a economiei UE.Din punct de vedere tehnologic, cele mai recente dezvoltări ale IA permit creșteri semnificative ale gradului de automatizare și deci a productivității. Stai. Asta nu se întâmpla deja?! Nu am văzut cu toții acele linii robotizate în care mașinile sunt sudate împreună cu o implicare umană minimă?Da și nu
Vinay Hiremath, co-founder of Loom, expressed confusion after selling the startup to Atlassian for $975 million in 2023. Despite earning $300 million from the sale, Hiremath feels lost and unmotivated, struggling with career choices and personal insecurities. He considered starting a robotics company but realized he was more interested in emulating Elon Musk. Hiremath also apologized to his ex-girlfriend, attributing their breakup to his insecurities.
Women's health company Perelel has acquired Loom, an educational platform spanning reproductive health and sexual wellness.
Rewatch, a platform that uses AI to optimize virtual meetings, will be integrated with Loom, Atlassian's async video communication tool...Whether you are hosting your meeting via Zoom (ZM), Microsoft Teams (MSFT), or Google Meet (GOOG), the meeting assistant will be automatically added to the invite list.
Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo AI platform so that meeting notes can quickly become Jira issues, for example, and the transcripts become searchable within the overall business context.The two companies did not disclose the price of the acquisition. Back in the heady days of early 2021, when everybody was seemingly looking for better video-centric solutions, Rewatch raised a $20 million Series A round led by Andreessen Horowitz. The company did not raise any additional funding since, according to Crunchbase.As Loom co-founder Joe Thomas told me in an exclusive interview ahead of Thursday’s announcement, Loom already offered an integration with Zoom to record meetings and create transcripts. But that only felt tangential to what the company was trying to do with Loom, he said.“It was worth evolving our platform and bringing in great IP from Rewatch to accelerate our efforts there,” Thomas sad
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About Loom
Industries
Consumer Software
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Acquired
Total Funding
$198M
Headquarters
San Francisco, California
Founded
2016
There are no jobs for Loom right now.
Find jobs on Simplify and start your career today