Sequoia Capital, one of the world’s most prominent venture capital firms
Recently invested $26 million in Gather, a virtual event platform that connects remote teams and clients. The funding round, which brings Gather’s total funding to $32 million, was led by Sequoia and saw participation from existing investors Greylock, XYZ Ventures, and other angel investors masstamilan.
Gather, founded in 2017 by CEO Nick Gauthier, offers a platform for virtual events such as meetings, conferences, trade shows, and networking events. The platform enables users to create interactive virtual spaces where they can engage in activities such as group discussions, presentations, and socializing. Gather’s virtual spaces are highly customizable and offer a range of features such as video and voice chat, file sharing, and live streaming myvuhub.
The company’s platform has gained popularity during the COVID-19 pandemic, as businesses have been forced to adopt remote work and virtual events. Gather’s platform offers a solution to the challenges of remote work, enabling teams to connect and collaborate in a virtual space. The platform has been used by businesses such as Square, Coinbase, and Accenture, as well as educational institutions such as Harvard Business School and Duke University teachertn.
Sequoia’s investment in Gather is a testament to the potential of the virtual event space, which is expected to continue growing even after the pandemic subsides. The firm has a track record of investing in successful companies in the tech industry, including Apple, Google, and Airbnb. Sequoia partner Pat Grady, who will be joining Gather’s board of directors, expressed confidence in the company’s potential for growth:
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“Gather has created a unique platform that is resonating with customers and has a clear vision for the future. We are excited to partner with the team as they continue to grow and innovate.”
Gather plans to use the funding to expand its team, accelerate product development, and scale its platform to meet the growing demand for virtual events. The company also plans to invest in new features and integrations to enhance the user experience and enable seamless collaboration pagalsongs.
In addition to Sequoia’s investment, Gather has also announced a partnership with Okta, a leading identity and access management provider. The partnership will enable Gather users to access the platform using their Okta credentials, providing a secure and seamless login experience yareel.
Overall, Gather’s latest funding round and partnership with Okta demonstrate the growing importance of virtual events in the post-pandemic world. As businesses continue to adopt remote work and virtual collaboration, platforms like Gather will play a crucial role in enabling teams to connect and engage in a virtual space. With the support of Sequoia and other investors, Gather is well-positioned to capitalize on the growing demand for virtual events and emerge as a leader in the space.