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Blue Jeans Network Raises $76.5M To Bring Video Conferencing Beyond The Office

September 23, 2015 | Telepresence Options

BlueJeans_video_conferencing.png

Story and images by TechCrunch

Blue Jeans Network, a company that provides cloud-based video conferencing services, has raised $76.5 million in its fifth round of financing.

NEA led the Series E round, joined by Accel Partners, Battery Ventures, Glynn Capital, Norwest Venture Partners, and Quadrille Capital. Jeter Ventures, a new fund launched by MLB all-star Derek Jeter, also participated.

When Blue Jeans launched in 2011, the entire video conferencing market was sized at 200 million minutes per year, according to co-founder and CEO Krish Ramakrishnan, because companies relied primarily on audio-only conference calls.

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