Loom Workplace Video Message Platform Valued at $1.53 Billion

Workplace video messaging startup Loom Inc. after a new funding round is valued at $1.53 billion, more than quadrupling its valuation from a year ago.

The $130 million investment was led by Andreessen Horowitz, with participation from Kleiner Perkins, Sequoia Capital, Coatue Management, General Catalyst and Iconiq Capital.

Loom’s video platform allows people to send recorded video messages at work. Its customers include Netflix Inc., Atlassian Corp. and Twitter Inc. Loom said more than 10 million people across 120,000 companies use its product, with its active user base growing at a rate of 900% year-over-year.

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