# Opentest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opentest

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.useloom.com
- Total disclosed funding: $18M
- Latest round: Series A (Feb 19, 2019)
- Investors on record: 5

## About

Opentest, Inc. is an innovative company specializing in AI-powered video messaging software that enhances communication, productivity, and collaboration for teams across various sectors.Founded in 2016 in San Francisco, US, Opentest, Inc. develops software solutions for video messaging. The company has undergone strategic pivots to enhance its offerings. As of February 2019, it successfully raised USD 11 mn in Series A funding led by Kleiner Perkins, bringing the total amount raised to USD 11 mn. The firm has completed 4 deals to date.Loom's primary offerings consist of AI-powered video messaging software designed to facilitate screen and camera recording, enhancing team collaboration and productivity. Users can easily capture and share video content across devices, including Mac and PC, through its Chrome extension, desktop app, and mobile app. The platform supports asynchronous communication, particularly benefiting remote teams, and integrates seamlessly with tools like Google Workspace and Slack. It serves a diverse clientele across sectors such as technology and education, utilizing Loom for purposes ranging from personalized sales pitches to instructional videos, with a notable presence in North America, Europe, and Asia-Pacific.Loom generates revenue primarily through a subscription model, offering various pricing plans for individual and enterprise users. Clients subscribe to tiers that range from basic features for personal use to advanced capabilities tailored for larger organizations. Enterprise customers often choose customized plans that include enhanced security features and data privacy controls, fostering direct-to-consumer relationships with a strong focus on B2B partnerships.Opentest, Inc. plans to leverage the recent Series A funding of USD 11 mn raised in February 2019 to enhance its product offerings and expand into new geographic markets. The company aims to introduce upcoming features and refined capabilities designed to further integrate video messaging into existing workflows, although specific release dates have not been disclosed. Future expansions will target key markets in Europe and Asia-Pacific, aligning with the company's strategic growth objectives.

## Funding rounds

- Series A, Feb 19, 2019, $11M — Kleiner Perkins
- Seed, Jun 7, 2018, $4M — General Catalyst Partners, Point Nine, Slack Fund
- Seed, May 22, 2017, $3.2M — General Catalyst Partners, Point Nine, RTA Ventures, Slack Fund

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed
- RTA Ventures (https://capitalatlas.ai/funds/rta-ventures) — Seed
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A