Neat raises additional €25M from Zoom to improve user experience

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Norwegian meeting room systems startup Neat has received an additional investment of $30M(€25M) from Zoom Video Communications to help it bring new innovations for distance learners,

The new investment takes Neat’s valuation to $640M (€541M). So far, Zoom has invested $41M(€34M) in Neat.

Fund Utilisation

Neat will work in close alignment with Zoom to improve the overall user experience. It will innovate to enhance people’s well-being, social interactions and meetings by introducing new ways and technology.

“Zoom and Neat have worked closely together to provide customers with an incredible Zoom meeting experience. This additional investment reflects our belief that Neat’s devices are an outstanding complement to Zoom’s communications platform,” says Oded Gal, Chief Product Officer at Zoom.

Neat has worked closely with Zoom since its inception and it has developed advanced equipment so that Zoom meetings continue to become easier.

“Since Neat launched in 2019, we’ve shared an amazing journey, helping customers enjoy delightful experiences across meeting spaces, even as the definition of the meeting space has evolved,” says Simen Teigre, CEO of Neat. 

“We look forward to continuing to innovate and deliver unique technology and advanced capabilities that provide customers with rich and meaningful collaboration experiences throughout the hybrid workplace and classroom,” he added.

About Neat

Founded in 2019, Neat is a video hardware company that develops devices to equip customers’ meeting rooms, huddle rooms, remote offices, executive offices, or personal workspaces. 

The company has recently partnered with Microsoft to make its video devices available to Microsoft Teams customers. Neat was founded in Oslo, Norway. 

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