Highfive (company): Difference between revisions
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Revision as of 18:20, 22 June 2016
Highfive is an American video conferencing company which combines cloud-based software with its proprietary in-room video conferencing hardware. The company, established in 2012 by former Google employee Shan Sinha, has its headquarters in Redwood City, California. In 2016, Fortune named Highfive on its list of the "10 Best Small Workplaces in Technology".[1]
History
Highfive was founded in 2012 by Shan Sinha and Jeremy Roy.[2] Sinha, who was one of the developers of Google Drive, noticed while working for Google that there was a very high demand for videoconferencing, with tens of thousands of video calls regularly made. He left Google to found Highfive, believing that the market leader, Skype, was not “secure or robust enough for business needs”. Sinha’s vision for Highfive is to “make videoconferencing as commonplace as e-mail in business”.[3] After it was established, the company worked in stealth mode as Parlay Labs from 2012 until Highfive’s launch in October 2014.[4] In March 2015, Highfive announced that they had raised over $45 million in total venture capital.[5] Investors in the firm include General Catalyst Partners, Google Ventures, Andreessen Horowitz, Drew Houston, Aaron Levie , Marc Benioff (Salesforce.com) and Shishir Mehrotra (YouTube).[6] [7]
In March 2016 the company announced a 341% growth in customers during 2015 and that it had surpassed the milestone of one million call minutes per week from over 1400 customers.[8] In an interview with Jim Cramer, Sinha commented on the market success: "We are seeing some really big secular trends happening that are causing people to be more comfortable with video. The new workforce is all at an age now that they grew up with video”. [9] In May, Highfive announced that they had incorporated telephone conferencing service Dolby Voice into its services. Sinha stated that the reason was due to the "amazing audio" that Dolby has to offer.[10].
See also
References
- ^ "Recruiting Strategies for a Tight Talent Market". States News Service. 7 April 2016. Retrieved 22 June 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Shan Sinha '01, MEng '05". MIT Technology Review. Retrieved 22 June 2016.
- ^ "Shan Sinha '01, MEng '05". MIT Technology Review. 23 June 2015. Retrieved 22 June 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Making Video Conferencing a Bigger Part of Office Life". Inc/. Retrieved 22 June 2016.
- ^ "Highfive Raises $32 Million For Its Video Conferencing System". TechCrunch. 12 March 2015. Retrieved 22 June 2016.
- ^ Krasny, Jill. "Making Video Conferencing a Bigger Part of Office Life". Inc. Retrieved 20 June 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Highfive Raises $32 Million in Series B Funding". Wireless News. 17 March 2016. Retrieved 22 June 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Highfive, Inc. Surpasses One Million Call Minutes per Week and 1,400 Customers in First Year". Telecommunications Weekly. 30 March 2016. Retrieved 22 June 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Stevens, Abigail (22 April 2016). "Cramer Remix: Market could be lapping up Apple". CNBC. Retrieved 22 June 2016.
- ^ "Dolby Labs, Highfive partner on video, audio conferencing service". San Francisco Chronicle. 4 May 2016. Retrieved 22 June 2016.
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