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Videoconferencing Startup Headroom raises $9 million in funding

by Babu Patil
Videoconferencing Startup Headroom raises $9 million in funding

Headroom, a developer of an AI-powered videoconferencing platform, raised $9 million in funding.

Equal Opportunity Ventures, which invests in early-stage growth-oriented businesses, led the round with additional participation from Gradient Ventures, LDV Capital, AME Cloud Ventures, and Morado Ventures.

The virtual meeting collaboration market could hit $41 billion by 2029. Gartner expects that by 2025, 75% of conversations at work will be recorded and analyzed, enabling the discovery of added organizational value or risk. Yet despite the increase in meetings, productivity and engagement rates are down. 

Headroom data shows that 90% of every meeting lacks helpful information. With new funds, the startup aims to improve real-time communication in meetings by augmenting meeting intelligence. 

Founded in 2020, San Francisco-based startup Headroom is developing a self-learning, real-time virtual meeting analytics platform. The platform applies AI to analyze attendees’ video, audio, and text to enable users to understand the meeting behavior and offers features such as automatic transcripts and summaries of a meeting replays, as well as auto-generated highlight reels.

Headroom claims to have onboarded 5,000+ customers for its platform. The platform is free with no usage caps or storage limits and is available on Google Chrome with no download or app required.

Headroom has raised a total of $14 million to date. The startup intends to use the fresh funds to expand its team, product development, and mobile offerings....

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