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This ex-Cisco exec's startup kicked off 2017 by getting a $1 billion valuation that's putting it in the spotlight (CSCO)

January 24, 2017 | Rena Malai

Zoom_meeting.jpg

Story and images by NewsTimes

The new year has already been good to videoconferencing startup Zoom, a fast-growing competitor to Cisco's ubiquitous WebEx.

Just last week, the San Jose-based company raised $100 million at a $1 billion valuation in a round led by legendary investment firm Sequoia Capital, making it Silicon Valley's newest "unicorn."

At the same time, Zoom disclosed it had 450,000 customers, including Uber and SolarCity, and that it finished 2016 with two cash flow positive quarters, back to back.

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