# Oblong Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oblong-industries

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.oblong.com
- Total disclosed funding: $104M
- Latest round: Series D (Sep 23, 2016)
- Investors on record: 6

## About

Oblong Industries, Inc. specializes in innovative collaboration solutions, focusing on enhancing teamwork through its advanced Mezzanine product line, which transforms meeting environments into dynamic collaboration hubs.Founded in 2006 in Los Angeles, US, Oblong Industries, Inc. develops collaboration technology. The firm has successfully raised a total of USD 9.52 mn across funding rounds, with the latest being in September 2018, and has completed 8 deals to date. The company's operations have remained consistent, focusing on their core technology without reported pivots. Oblong's founder has a history of entrepreneurship, having previously founded other firms, although specific details about those are not provided.Oblong Industries specializes in innovative collaboration solutions, primarily through its flagship product, the Mezzanine series. The Mezzanine product line includes the 200, 300, and 600 series, designed to enhance multi-share collaboration in various teaming environments. These systems facilitate real-time, spatial computing experiences that allow participants to share and manipulate content seamlessly across multiple devices, addressing challenges related to communication and productivity in diverse settings, such as corporate offices, educational institutions, and government agencies. Oblong's technology serves a broad client base that includes prominent companies like Fujitsu, PwC, and CBS, targeting markets in North America, Europe, and Asia-Pacific. The solutions aim to optimize teamwork and interactivity, transforming traditional meeting spaces into collaboration hubs.Oblong Industries generates revenue primarily through the sale of its Mezzanine collaboration systems, operating under a business-to-business (B2B) model. Clients typically enter into purchase agreements for Mezzanine products, which may include installation and ongoing support services. The company also establishes partnerships for tailored solutions, enhancing client engagement through customized offerings. Revenue is derived from direct sales of hardware and associated software solutions, with transaction structures involving one-time purchases and potential subscription models for software updates or premium features, reflecting a comprehensive approach to client relationships and service delivery.Oblong Industries aims to leverage recent financing of USD 9.52 mn raised in September 2018 to further its growth. The company is likely focusing on the development of new iterations of its Mezzanine products to meet evolving client needs and is exploring expansion into new markets, particularly targeting regions in Europe and Asia-Pacific by 2025. This strategy emphasizes enhancing product functionality and increasing market penetration in response to the demand for improved collaboration solutions.

## Funding rounds

- Series D, Sep 23, 2016, $20M — Foundry Group
- Series D, Aug 4, 2016, $30M — Greenspring Associates, University of Texas Investment Management Company, Industry Ventures, Morgan Stanley Investment Management, Foundry Group
- Series D, Feb 3, 2015, $15M — Foundry Group
- Series C, Oct 16, 2013, $8.8M — Foundry Group
- Series B, Mar 9, 2012, $5.4M — Morgan Stanley Investment Management, Foundry Group, Energy Technology Ventures
- Series B, Jul 5, 2011, $16M — Morgan Stanley Investment Management, Foundry Group, Energy Technology Ventures
- Series A, Dec 4, 2007, $8.8M — Foundry Group

## Investors

- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B, Series C, Series D
- Morgan Stanley Investment Management — Series B, Series D
- Energy Technology Ventures (https://capitalatlas.ai/funds/energy-technology-ventures) — Series B
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series D
- University of Texas Investment Management Company — Series D
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series D