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Weemo closes on $3 million in funding to provide cloud video collaboration within business applications(PR Web Via Acquire Media NewsEdge) San Francisco, CA (PRWEB) May 28, 2013 Weemo, a unique cloud-based video service provider, has completed a $3 million funding round, bringing the total investment in Weemo to more than $5 million. Existing investor Idinvest participated in the round. The capitalization will enable the company to accelerate the market adoption of its solutions. Weemo is already partnering with leading software vendors and service providers to deliver cost-effective embedded real-time video experiences built on WebRTC. Weemo’s solution incorporates support for WebRTC, an initiative supported by Google and Mozilla, that enhances web browsers with rich Real-Time Communications capabilities. Weemo extends WebRTC’s functionality with a multi-platform service that harnesses the company’s proven and global enterprise-grade cloud infrastructure. The result is a B2B solution that responds to all business needs, including support for non-WebRTC browsers, native applications, screen sharing, and multi-point video collaboration. Through a simple click in any browser, or a tap on a mobile application, users can engage in live conversations involving one or more stakeholders from within their business applications. Simply put, Weemo makes immediate, ad hoc, in-app video collaboration much easier than relying on expensive video communication infrastructure or cumbersome third party video conferencing technology. With its API-centric approach, Weemo ties in to business workflows and embeds video collaboration through front-end web and mobile development frameworks. Weemo’s solution addresses a gap in the enterprise social and business software marketplace by powering applications with an intuitive and easily-integrated set of APIs. Application vendors can utilize these APIs to deliver a seamless, collaborative user experience across multiple platforms. “We’ve made it incredibly simple to add over-the-top video communication services to a business application, and our partners are able to immediately realize the value of video collaboration as a de facto extension of their offerings,” said Thomas Cottereau, Weemo Co-Founder and CEO. About Idinvest Partners Idinvest Partners is a leading pan-European mid-market private equity firm. With €3Bn under management, Idinvest Partners is active across different segments, including direct investments, mezzanine, secondary transactions, and primary commitments to funds. Founded in 1997 as AGF Private Equity, Idinvest Partners was a subsidiary of Allianz until May 2010, when it became independent. http://www.idinvest-partners.com/en/ About Weemo, Inc. Founded in 2007, Weemo is an innovator in cloud-based real-time communication services. As a unique provider of secure and managed video collaboration services in the cloud, Weemo’s vision is to make video collaboration accessible to everyone, in every business application, on every device. Weemo offers APIs to integrate voice, video, conferencing, and collaborative services to software providers looking to empower their solutions. For more information, please visit http://www.weemo.com and follow us on Twitter @weemo for exciting news to come. Read the full story at http://www.prweb.com/releases/2013/5/prweb10763445.htm (c) 2013 PRWEB.COM Newswire |