As work teams get more remote and global, the onus of creating a connected and cohesive work environment rests on tools like Slack and video conferencing software.
And the demand has led one such Boston-based startup Owl Labs to raise $15 million in a Series B round to speed up manufacturing of its video conferencing camera to meet increased demand, to grow its headcount and expand globally. This round brings the startup's total funding to date to $22.3 million.
The round was led by Spark Capital and participation from existing investors including Matrix Partners and Playground Global. The company's product Meeting Owl is a smart device that is a platform-agnostic solution. Customers use Meeting Owl in conjunction with platforms like Zoom, Google Hangouts, and Microsoft Teams. The company projects that over 10 million meetings will be held on the Meeting Owl in 2020.
Frank Weishaupt, a former senior vice president at CarGurus, took over as the CEO in January this year. He told BostInno that under his reign, Owl Labs will think about productivity beyond video conferencing. "We’re trying to think through problems like ‘How do you create an environment where people who are remote can be a part of the physical collaboration in the room," Weishaupt said.
