Zoom builds cloud software for teams to meet, communicate and support customers, from small businesses to large organizations. Zoom Workplace brings video meetings, team chat and business phone service into one app, while its separate contact center tools route customer calls and messages to service agents. Users join meetings from computers, mobile devices or room systems, share screens and collaborate on digital whiteboards; webinars and events extend the software to larger audiences. The company sells subscriptions with different feature levels and add-ons alongside a free meeting plan. Zoom was founded in 2011 and is headquartered in San Jose, California.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2011
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Toku, a Singapore-headquartered AI-powered customer experience platform listed on the Singapore Exchange, has extended its local numbering and public switched telephone network (PSTN) connectivity to Zoom Contact Center. Customers can select it as their provider in the Zoom Admin Center. Toku has supplied connectivity for Zoom Phone since 2021. The contact centre service covers 14 Asia Pacific markets, including Australia, China, Japan, Singapore, and Vietnam. Contact centres need better voice quality, local presence, and regulatory compliance than internal telephony, and AI virtual agents add to the load. Each of their calls still needs a local number and in-country routing. "A voice agent is only as fast as the network it answers over," said Thomas Laboulle, founder and chief executive officer of Toku. Toku contracts with customers separately from their Zoom subscription.
Avarra has raised $17 million in Series A funding led by Duration Ventures, with participation from Lightspeed Venture Partners, Draper Associates, GTMfund, Alumni Ventures, and Zoom. The company's AI avatar platform helps sales teams master complex processes, reportedly cutting ramp time in half. The platform captures expertise from leaders and deploys AI avatars to train team members, assist in live deals, and engage customers. Customers including Elastic, Masimo, and Proofpoint use the system to scale sales playbooks across their organisations. Avarra reported 400% year-over-year ARR growth and 698% growth in contracted ARR from mid-market and enterprise customers. Sales teams complete over 10,000 AI coaching sessions weekly on the platform. The funding will support engineering and go-to-market hiring whilst expanding customer-facing platform capabilities.
Zoom has bought Onyx, an open-source enterprise AI search platform that runs on customers' own servers, with implications for CX.
Zoom Communications stock has fallen 17.4% over the past month despite beating quarterly guidance. The company's fiscal Q2 2027 revenue exceeded expectations, with management raising full-year outlook. However, two concerns emerged. Management now expects its Online business to remain flat in fiscal 2027, down from projections of slight growth, as customers shift from search to AI for product discovery. Costs also increased due to higher AI usage with new products. Growth is coming from Enterprise, which expanded at its fastest rate in three years, driven by Phone, Contact Center, and AI products. Revenue over the trailing twelve months grew 5.0%. During market shocks since 2019, Zoom has fallen an average of 20% peak to trough, compared to 17% for the S&P 500. Its worst performance was during the 2022 inflation shock, when it dropped 61%.
Zoom Communications unveiled its vision for an AI-powered revenue OS, a unified platform connecting buyer intelligence, customer conversations, and revenue execution. The company announced new Zoom Revenue Accelerator capabilities, including Engage and Forecast, alongside the availability of Common Room by Zoom. Engage builds multichannel sales sequences across email and phone, whilst Forecast transforms deal-level signals into live forecasts. The new ZRA Elite offering combines ZRA Premium with these new capabilities. Zoom customer Barracuda Networks reported a 15% increase in deals closed and 5% faster deal velocity using Zoom Revenue Accelerator. IDC recognised Zoom as a Leader in its 2026 MarketScape for unified revenue orchestration. The platform aims to help go-to-market teams move from customer signal to action within one system, leveraging context from customer conversations to drive revenue growth.