Loom, la solution

The company's greatest challenge will be converting the two million users that have joined the platform during lockdown into lifelong users.

Loom, a digital video startup seeking to fill a niche in the remote work industry by enabling users to concurrently record their screens and their faces -- with audio -- and instantly share the ensuing clips via email or text message, has just closed a $28.75 million funding round. The Series B round, led by Sequoia Capital and Coatue, brings Loom's total funds raised to $73 million, and values the company at $350 million, reports Forbes -- which is two times its valuation since its last funding round just seven months ago. In addition to other previous investors like Kleiner Perkins and Slack, Loom also counts prominent Silicon Valley figures as backers, including Ashton Kutcher and Instagram founder Kevin Systrom. Loom's use cases are perfectly a propos for the seismic shift toward telecommuting that the corporate world has seen in recent months -- including at tech giants like Twitter and Facebook -- in the wake of the coronavirus pandemic. The platform enables users to provide project feedback or walk colleagues through a proposal, for instance. And outside of business, the app is also being used by teachers, per Forbes, who can create lessons for students to consume at their own convenience. Loom, a digital video startup seeking to fill a niche in the remote work industry by enabling users to concurrently record their screens and their faces -- with audio -- and instantly share the ensuing clips via email or text message, has just closed a $28.75 million funding round.