Cross-platform compatibility is often the holy grail of enterprise collaboration applications, with the prevalence of mobile devices in the workplace today. Platforms like FuzeBox enable organizations to collaborate even on different operating systems and devices, including smartphones, tablets, notebooks and desktop computers. With new capital infusion, FuzeBox aims to reach out to a bigger audience through an increased marketing push.
Your Meeting, Any Platform or Device
FuzeBox is known for its Fuze Meeting line of products, which lets users run online meetings, which can work on different devices. With Fuze Meeting, video conferencing can include a mix of devices, such as the iPad, iPhone, Android tablets and smartphones, and Windows computers. The cloud-based service also supports low-resolution screen-sharing among devices. According to the company, it already runs 78,000 meetings per day in 122 countries.
The service has been largely unmarketed though, admits CEO Jeff Cavins. This Series A funding, led by Index Ventures, with participation from Khosla Ventures and Insight Venture Partners, amounts to US$ 20 million. FuzeBox is likewise raising another US$ 2.5 million in debt financing from Triple Point Capital for a total of US$ 22.5 million. Funds will mostly be used to expand FuxeBox's workforce, particularly its sales and marketing staff. The engineering team will likewise get a big boost, although the focus will be on marketing.
Focus on Collaboration
"Our vision is to revolutionize the way the world does business, bringing people face-to-face without sacrificing the most important qualities of human interaction and collaboration," said Cavins.
FuzeBox originally launched in 1998 as CallWave, and was briefly publicly listed on NASDAQ. The company went private in 2009 and renamed to FuzeBox. The CallWave brand is being resurrected in a new company that FuzeBox will spin out as it divests itself of its patent portfolio. CallWave will take care of monetizing this asset, which will enable FuzeBox to focus on its SaaS cross-platform video-collaboration tools.