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The Silicon Review Asia

Investments in startups offering remote events and video conferencing solutions are witnessing a surge

Investments in startups offering remote events and video conferencing solutions are witnessing a surge

In recent times, most of the startups that offer remote working solutions are finding top funds as investors. Along with that, people who are into enhancing human touch in the absence of workplace interactions are also gaining popularity due to the ongoing Covid 19 pandemic. Traxcn, a popular industry tracker, has reported that remote workspace solutions providers have managed to receive over $1.6 billion in funding. Managing director of Sequoia Capital India, Rajan Anandan, has stated that things will not go back to normal for a while and we clearly do not know what the new normal will look like.

Furthermore, he added that Covid had brought a lot of changes, and we must pick up the emerging technologies to adapt to the new changes. People appreciate the flexibility that the work from home offers, even though there is a lack of human connection and touch. Sequoia, a startup that is dedicated to improving employee engagement, has managed to surge by almost $1.4 million. Investors are keenly watching out for any startups that offer solutions in remote event solutions and video conferencing. Hubilo, a popular offline event management platform, has also managed to raise more than $4.5 million in October.

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