Zoom invests $41 mn in video device company Neat

Zoom Video Communications has made an additional investment of $30 million in Neat, a video device company.
Zoom video conferencing app
With this investment, Neat has a total valuation of $640 million.

This marks Zoom’s third investment in Neat to date, bringing the total investment to $41 million, and extends the companies’ collaboration aimed at driving innovation and giving Zoom users an optimal Zoom experience across meeting and collaboration spaces.

Neat and Zoom continue to work closely together on new features and experiences that support the movement to a new way of working with distributed and co-located hybrid teams, focused on improving well-being, social interaction and team creativity.