Herndon, Va.-based enterprise video software company Vbrick has raised $20 million in funding.
Morgan Stanley Expansion Capital led the round, with existing investors Acme Nova and Adams Capital also participating.
The 2015-born company will use the funds to grow its sales and marketing capabilities, "accelerate innovation" and other initiatives.
"The continued growth of our customer base demonstrates the increasing demand for enterprise-grade video platforms and the broad applicability of our technology across executive communications, collaboration, and training needs," said Vbrick CEO Shelly Heiden in a statement. "We have an exciting pipeline of ideas and innovations to bring our customers, and are thrilled to be partnering with Morgan Stanley Expansion Capital."
Vbrick's Rev platform helps its Fortune 500 customers both record and stream their webcasts to employees around the globe. Since its creation three years ago, the company has had more than 100 percent annual subscription revenue growth.
