Loom, Inc.

Loom, Inc. is a US-based provider of video messaging and screen recording solutions that enhance communication and collaboration for remote and in-office teams, allowing users to create and share personalized video messages effortlessly. Founded in 2016 by Andres Mendoza, Joe Thomas, Mariana Amor, Matthew Kennedy, Na Kim, Raymond May, and Vinay Hiremath, Loom, Inc. specializes in video communication tools.

The company is headquartered in San Francisco, California, US. In 2023, Loom was acquired by Atlassian Pty. Ltd from a group of investors including Dropbox, Inc. and Sequoia Capital for USD 975.

00 mn. The company has raised a total of USD 130. 00 mn through 8 funding deals, with its latest funding round being an ADD-ON TRADE SALE on October 12, 2023. Loom provides video messaging and screen recording solutions designed to improve communication and collaboration for remote and in-office settings.

Its core product allows users to record screens and webcams to create personalized video messages that can be shared easily. Loom features AI-powered video enhancements, transcript editing, and integrations with applications like Google Workspace and Slack. Available for Mac, PC, and mobile devices, Loom serves various professionals, including those in sales, engineering, customer support, and design, with a client base of over 400,000 organizations globally, particularly in North America and Europe. Loom generates revenue primarily through subscription-based pricing models that cater to individual users and enterprises.

The tiered subscription plans provide access to different features, allowing organizations to select services that best fit their needs, such as advanced security and custom data management for larger teams. Revenue comes from direct sales, with clients making monthly or annual payments for continued access to Loom’s services, along with additional income from partnerships and integrations with other software platforms. Following the acquisition by Atlassian Pty. Ltd in October 2023, Loom plans to leverage the combined strengths of its products with Atlassian’s platform to further enhance workplace communication.

The funding from this acquisition will be utilized to support the development of new product features and expansion into new geographic regions, specifically targeting additional markets in Europe and Asia by the end of 2024.