About Loom
Loom offers a platform for recording and sharing video messages, primarily through its user-friendly screen recording tool. This tool enhances productivity and collaboration, especially in remote work settings, and is used by over 21 million people across 200,000 companies. Loom operates on a freemium model, providing a basic version for free while charging for premium features, and integrates seamlessly with tools like Google Workspace and Slack. The company's goal is to improve communication in modern workplaces by making video messaging accessible and easy to use.
San Francisco, CaliforniaHeadquarters
2016Year Founded
$198MTotal Funding
ACQUISITIONCompany Stage
Consumer Software, Enterprise Software, CybersecurityIndustries
201-500Employees
Benefits
Competitive compensation and equity package
99% company paid medical, dental, and vision coverage for employees and dependents
Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (DCFSA)
Healthcare reimbursement (for International employees)
Life, AD&D, Short and Long Term Disability Insurance
401(k) with 4% company matching
Professional development reimbursement
Mental health and wellness reimbursement
Gym reimbursement
Unlimited PTO
Paid parental leave
Remote work opportunities
Home office & technology reimbursement
Risks
Integration challenges with Rewatch's AI could lead to user dissatisfaction.
Co-founder Vinay Hiremath's departure may impact team morale and leadership stability.
Increased competition from AI-driven tools like AiFlow could pressure Loom to innovate.
Differentiation
Loom offers seamless integration with tools like Google Workspace and Slack.
The platform supports asynchronous communication, ideal for remote work environments.
Loom's freemium model attracts a broad user base with premium conversion potential.
Upsides
Acquisition by Atlassian expands Loom's ecosystem and integration opportunities.
AI integration with Rewatch enhances virtual meeting capabilities and user productivity.
Growing trend of asynchronous communication aligns with Loom's video messaging focus.
Funding
Total raised$198.00 M
Latest valuation$1.50 B
StageACQUISITION
ACQUISITION
9/30/2023$975
SERIES C
4/30/2021$130
$1.50 BSERIES B
4/30/2020$29
$350.00 MSERIES A
10/31/2018$11
$55.00 M