Zoom is looking to team up with start-ups to fast forward product innovation as competition from tech titans heats up.
, there is a need to keep innovating its product line. To achieve that goal, Zoom is teaming up with start-ups building the next big app on its open platform using Zoom APIs.
The growth and venture funding opportunity for other contestants with innovative apps that ride on Zoom could be huge. "Zoom will be the next big platform for start-ups to build billion-dollar businesses," Scheinman said. "Of the 10 companies we chose as finalists, every single one has a potential $1 billion business opportunity.
In addition, Facebook has expanded its video conferencing and chat features while Verizon Business entered the race in mid-April by agreeing to acquire Blue Jeans Network, a cloud-based video conferencing and event platform.
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