Vbrick Closes $20 Million in Funding
Enterprise video software provider Vbrick received $20 million in funding led by Morgan Stanley Expansion Capital, with participation from existing investors Acme Nova and Adams Capital.
Customers use Vbrick’s Rev platform to stream and record their executive webcasts, connect with their employees globally, and consolidate recorded video into a single system of record for consistent messaging across their organizations. Since the launch of its platform in 2015, the company says it has added 300 new customers and experienced 100% annual subscription revenue growth. In 2018, Vbrick was recognized as Cisco’s Global Independent Software Vendor Ecosystem Partner of the Year.
The company plans to use the funding to build upon the adoption of Vbrick’s video platform into the enterprise market by accelerating innovation, growing sales and marketing, and fueling the company’s partner ecosystem.