Blue Jeans Network has raised USD 76.5 million to support the expansion of its cloud videoconferencing platform. The new funding led by NEA with participation from previous investors Accel, Battery Ventures and Norwest Venture Partners, and new investors Glynn Capital, Quadrille Capital and Derek Jeter, among others. This round brings the total financing raised by Blue Jeans since its start to USD 175 million.
Launched in 2011, the Blue Jeans videoconferencing system now handles more than 1 billion minutes annually by over 25 million participants around the world. The key feature of its system is interoperability with enterprise systems from the likes of Cisco and Polycom as well as consumer desktop and mobile services such as Skype and Google. The company will use the fresh capital to expand in Europe, Asia and Australia and support ongoing product development. In addition to its flagship conferencing platform, the company launched Blue Jeans Primetime earlier this year to support broadcasting events to a worldwide audience over internet streaming.
