Chevy Chase, Md. – New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has led a new $25 million round of funding for Blue Jeans Network, a Silicon Valley-based provider of interoperable video conferencing services.
Previous backers Accel Partners and Norwest Venture Partners also participated in the company’s third round, which increased its total funding to $48.5 million.
Blue Jeans said it will use the additional capital to expand sales, marketing and operations, as well as to further develop its technology.
In its first year of operation, the company said its service has connected more than a quarter million participants in video meetings. The company also said it has launched new web browser access, extending video conferencing to the Internet. The new option, currently available in beta, allows participants to connect to a meeting with their Chrome, Firefox, Internet Explorer or Safari browser and a camera.
This article was also published in Potomac Tech Wire.
Blue Jeans Network – http://bluejeans.com
New Enterprise Associates – http://www.nea.com
Blue Jeans Network – press release