TokBox Takes $10 Million for Video Chat
Free online video chat service TokBox has raised a $10 million Series B round of financing led by Bain Capital. Sequoia Capital, which provided $4 million for the startup’s Series A funding, also participated in this second round.
TokBox has worked to expand its reach over the past year, developing its video chat service for web-based IM platform Meebo as well as Facebook, and the company released an Adobe AIR version of its service.
TokBox isn’t alone in this space, IMO.IM is another browser-based video-enabled chat service (founded by ex-Googlers) and Skype offers video calling as well. No one, however, has solved the biggest problem with video chat: webcam placement. Until someone builds a camera behind the monitor, video conversations will never feature eye contact, as everyone’s looking down (and away from the camera) to see the person they’re chatting with.
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[...] Capital has led a $10 million investment in TokBox. The move comes less than a month after the company named a new CEO, Nick Triantos, who [...]
What’s There to TokBox? - GigaOM
— 11:53 AM on August 7, 2008
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[...] co-founder Serge Fauget in somewhat mysterious circumstances in March 2008. Tokbox has raised close to $14 million in two rounds of venture financing from Sequoia Capital and Bain Capital. The company had launched [...]
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The issue of real online eye contact has been solved: http://www.iris2iris.com