New Enterprise Associates Leads $25M Series C in Blue Jeans Network
New Enterprise Associates has led a $25 million Series C round for Blue Jeans Network, a provider of interoperable video conferencing services. Accel Partners and Norwest Venture Partners also participated. The three investors all contributed to Blue Jeans' prior rounds of $23.5 million, bringing the total amount raised to $48.5 million.
Blue Jeans Network, a specialist in interoperable video conferencing services, celebrated the one-year anniversary of its video conferencing solution. In its first year of operation the Blue Jeans service has connected over a 250,000 participants in over 3,000 cities.
"Our customers have embraced the powerful premise of interoperability which the Blue Jeans Network is built upon," said Krish Ramakrishnan, CEO Blue Jeans Network. "Customer adoption and feedback offer strong validation that we succeeded in our goal to make video meetings as easy, open, and affordable as audio. We've received lots of accolades and attention for this, but watching our growing customer base span businesses of all sizes, shapes, geographies and verticals, has been the most exciting acknowledgement."
Blue Jeans' list of customers contains small and large companies alike. Some recent additions include Facebook, Gawker Media, Match.com, NYSARC, Orchard Brands, Stanford University, and the Sierra Club.
"Blue Jeans has removed the frustrating barriers that had previously kept Gawker Media from significant adoption of video conferencing," said Doug Faneuil, Chief of Staff, Technology and Products at Gawker Media. "We'd been experiencing one headache after the next until we found Blue Jeans. Their solution made it surprisingly easy to bring our employees, partners, and consumers together over video. We click a link and it just works. I genuinely love the product."
A new innovation also announced today is the addition of Web Browser access to the Blue Jeans service. With this functionality, Blue Jeans is extending video conferencing to the Web by bringing the browser directly into the video conferencing landscape. The new browser access option, currently available in beta, allows participants to connect to a Blue Jeans meeting with nothing more than their Chrome, Firefox, Internet Explorer, or Safari browser and a camera.
Blue Jeans is the first and only service allowing anyone with a browser and camera to join video meetings with other participants on any combination of H.323 systems (i.e. Polycom, Cisco, LifeSize, Sony, etc.), Skype, Google, Microsoft Lync or audio connections. That expands the addressable market to the more than 2.3 billion people who have access to the Internet and a browser.
Blue Jeans Network is a private company headquartered in Mountain View, California.
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