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Zoom, Cloud Provider Hoping to Raise $1.75 Billion in Funding

January 14, 2021 / Bhushan Salkar

Digital collaboration tool Zoom has explained who its #1 cloud provider truly is as the firm hopes to impel an enormous financing push. In another primer plan, the organization uncovered that it desires to raise $1.75 billion through another stock contribution and that it loves Oracle and AWS similarly.

A year ago, Oracle at first affirmed that it was Zoom's cloud partner of decision, just for AWS to make a clashing case a couple of months after the fact. In its plan, Zoom has tried to clear up any disarray by uncovering that not one or the other, or both in case you're of a positive attitude, is its favored cloud partner.

“We currently serve our users from various co-located data centers located throughout the world,” the prospectus reads. “We also utilize Amazon Web Services and Oracle Cloud for the hosting of certain critical aspects of our business, as well as Microsoft Azure for limited customer-specified managed services. As part of our distributed meeting architecture, we establish private links between data centers that automatically transfer data between various data centers in order to optimize performance on our platform.”

Maybe of more significance than the cloud need to feel superior, Zoom affirmed that it is hoping to collect a critical amount of cash in 2021. The fundraising push is being driven by the way that a profit to ordinariness is for the skyline after the COVID-19 pandemic brought about a colossal expansion in remote working and, as an outcome, the utilization of advanced cooperation apparatuses.

Regardless of whether Zoom will have the option to proceed with its extension as representatives begin getting back to the workplace is hard to state now yet the organization is now cautioning that income development is probably not going to be as noteworthy in 2021 as it was a year ago.

All video joint effort apparatuses, from Zoom to Microsoft Teams, are taking a gander at a dubious future. Zoom has likewise been hit by the way that it didn't make as much benefit as might at first be relied upon because of the way that it eliminated its free meeting limit for some clients. This is all the stuff you'll require to telecommute effectively.

About Zoom:

Zoom Video Communications, Inc. is an American communications technology company headquartered in San Jose, California. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations.