Browse by year:
April - 2015 - issue > Venture Chakra
Highfive raises $32 Million for Video Conferencing Solution
SI Team
Wednesday, April 1, 2015
It is only been four months since Highfive's video conferencing units have been available, but already the company is seeing incredible traction among early customers. So much so that the startup has raised $32 million in Series B funding to ramp up its sales machine and get its hardware
in even more conference rooms around the world. The company intends to use the funds to double
their team of 50 employees this year to support engineering, sales and marketing focusing on
improving the experience for their customers and introducing new features.

Early demand has given Highfive reason to be optimistic. In the first 90 days, more than 500 companies have signed up and adopted its system. Some of them, like Zenefits, are putting a unit in every conference room, as a way to connect with employees, partners, and customers. Highfive, under the leadership of its CEO and Co-Founder Shan Sinha, develops video conferencing hardware and
cloud software for enabling firms to establish an enhanced medium for communication at work.
Its flagship product is a video hardware device, which delivers enterprise video conferencing to
any size conference room at very low cost in comparison to the traditional products.

Shan Sinha dreams of a day in which every conference room in the world is wired and ready to do video conferencing. And his hope is that each of those rooms will have a Highfive video conferencing unit equipped to do so.
Share on LinkedIn