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Blue Jeans Networks secures USD 50 mln in new funding

2013-09-18 17:23:00| Telecompaper Headlines

(Telecompaper) Global provider of interoperable video collaboration services, Blue Jeans Network has secured USD 50 million in new funding led by Battery Ventures. Blue Jeans Networks also announced that it has surpassed 2,000 business customers and three million participants consuming more than 100 million minutes annually. The new funding will accelerate the company's domestic and global market expansion and also support product innovation. The recent round of funding, led by Roger Lee of Battery Ventures, brings the total overall financing Blue Jeans has received to nearly USD 100 million. Existing investors Accel Partners, New Enterprise Associates and Norwest Venture Partners also participated in the financing. The funding will also fuel market expansion with new offices in San Francisco and new operations in Europe and Australia.

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Category:Telecommunications

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