6/14/2023 0 Comments Zoom video communications company![]() ![]() Stanford University was the first customer they signed in November 2012. By September 2012, they launched a beta version of the app, hosting up to 15 video participants. Influenced by Thacher Hurd’s children’s book Zoom City, the company changed its name to Zoom in May 2012. ![]() They raised their first seed money of $3 million from WebEx software founder Subrah Iyer and venture capitalists Matt Ocko, TSVC, and Bill Tai. Since the video communication market was already saturated, they had trouble finding investors. Along with 40 engineers, he left Cisco to start a new company called Saasbee Inc. Zoom was founded in 2011 by a former Cisco Vice President, Eric Yuan. ![]()
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