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Lifesize has raised $99.0M across 5 funding rounds.
Key people at Lifesize.
Lifesize has raised $99.0M in total across 5 funding rounds.
Lifesize develops and provides integrated video conferencing and collaboration solutions for businesses. The company offers a suite of products that combine cloud-based video services with high-definition videoconferencing endpoints, accessories, and touchscreen conference room phones. These offerings are designed to streamline communication and enhance productivity through seamless, high-quality visual and audio interactions, accommodating various meeting environments and scales.
The company was co-founded in 2003 by Craig Malloy and Michael Kenoyer. Their foundational insight centered on the need for more accessible and reliable high-definition video communication in enterprise settings. Malloy brought prior experience in telecommunications and enterprise technology, aiming to bridge the gap between traditional conference room setups and the evolving demands of remote and distributed workforces.
Lifesize's products serve a diverse range of organizations seeking robust and intuitive collaboration tools. Its solutions enable businesses to connect teams, conduct virtual meetings, and facilitate remote work with clear communication. The company's vision is to empower enterprises with superior video and audio telecommunications, fostering more connected and efficient operational environments for its global user base.
Key people at Lifesize.
Lifesize has raised $99.0M in total across 5 funding rounds.
Lifesize's investors include Alpha Capital Acquisition Company, Ambridge Capital, Andreessen Horowitz, Canaan Partners, Coatue, DST Global, FJ Labs, Foundation Capital, IDG Ventures, Madrona Ventures, Meritech Capital Partners, Redpoint eventures.
Lifesize was a pioneering video conferencing company that developed high-definition videoconferencing endpoints, accessories, touchscreen conference room phones, cloud-based video collaboration platforms, and omnichannel contact center solutions like CxEngage.[1][5][6] It served businesses seeking seamless video communication for meetings, huddle rooms, and customer support, solving problems like outdated audio-only systems and complex setups by offering easy-to-use, IT-approved tools with features such as click-to-call, screen sharing, recording, and integration with calendars and directories.[2][3][4] Growth included launching the first HD endpoint in 2005, huddle room systems in 2016, and CxConcierge in 2023, but it filed for Chapter 11 bankruptcy in May 2023, with assets sold to Enghouse Systems.[1][6]
Lifesize was founded in January 2003 by Craig Malloy and Michael Kenoyer, operating in stealth mode as KMV Technologies until 2005.[1] The idea emerged from a focus on revolutionizing video communications, backed by investors like Redpoint Ventures, Sutter Hill Ventures, Austin Ventures, Norwest Venture Partners, and Tenaya Capital.[1] A pivotal moment came in May 2005 at the Interop trade show, where it rebranded to Lifesize Communications and unveiled its first product, Lifesize Room—the world's first high-definition video conferencing endpoint.[1][5] Headquartered in Austin, Texas, with a European office in Munich, it evolved from hardware endpoints to cloud services, appointing Kim Niederman as CEO in 2021 before its 2023 bankruptcy and acquisition by Enghouse Systems.[1][6]
Lifesize rode the early wave of high-definition video conferencing, predating mass adoption by Zoom and Teams, and influenced hybrid work trends by simplifying room systems and cloud bridges for interoperability.[1][5][6] Timing was ideal post-2005 as broadband improved, enabling its HD-first market entry amid rising demand for remote collaboration.[1][2] Market forces like globalization and cost pressures favored its price-to-performance edge and portable solutions, while its acquisition by Enghouse extends its legacy in consolidated video/contact center ecosystems.[1][6] It shaped standards for secure, scalable video in enterprises, integrating with platforms like Microsoft Teams and Webex.[6][7]
Post-bankruptcy, Lifesize's products endure under Enghouse Video, focusing on enhanced video conferencing (Icon/Cloud) and CxEngage for omnichannel contact centers amid AI-driven customer experience trends.[6] Expect deeper integrations with hybrid tools, expanded AI video features like CxConcierge, and growth in enterprise support as remote/hybrid work persists.[1][6] Its influence may evolve through Enghouse's roll-ups, solidifying affordable HD video as a staple, tying back to its origins as the HD pioneer that made face-to-face collaboration accessible.[1][5]
Lifesize has raised $99.0M across 5 funding rounds. Most recently, it raised $18.0M Series U in January 2016.
