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SAN FRANCISCO--(BUSINESS WIRE)--Headroom, a meeting platform leveraging artificial intelligence to improve communications and productivity, today announced a $9 million investment led by Equal Opportunity Ventures with participation from Gradient Ventures, LDV Capital, AME Cloud Ventures and Morado Ventures. The capital brings total funding to date to $14 million and will be used to expand Headrooms team, product development and mobile offering. The company also recently added new Shareable Automatic Summaries to its suite of tools for remote and hybrid meetings, furthering its mission to support balanced, entertaining, productive and memorable meetings.

Virtual meetings have become the de facto method for gathering, connection and collaboration. According to Fortune Business Insights, the meeting collaboration market is expected to exceed $41 billion by 2029. Gartner predicts that by 2025, 75% of conversations at work will be recorded and analyzed, enabling the discovery of added organizational value or risk. Yet despite the increase in meetings, productivity and engagement rates are down. Even before the start of the pandemic, a Harvard Business Review survey revealed 65% of senior managers felt meetings kept them from completing their own work and 64% said meetings come at the expense of deep thinking. Smarter meetings may be the biggest opportunity for improved work productivity and satisfaction.

The more meetings held, the more time wasted, with too many people spending time in redundant meetings. Headroom is leveraging AI to help companies do more with less, enabling individual workers to be more productive, choose which meetings to attend and which to watch later, or just quickly get the key pieces of information discussed, said Julian Green, CEO and Co-Founder of Headroom. Particularly in this environment, where for startups every dollar and every meeting minute counts, those that can move faster and stay better connected with people wherever they are, in real time and asynchronously, will win.

Headroom is self-learning; its relevance and impact on productivity improves with use. Headroom data shows 90% of every meeting lacks useful information. To maximize the 10% meeting content that is helpful, the company developed Shareable Automatic Summaries which auto-generate highlight reels that provide key moments, shared notes and action items, and enable easy sharing with others. Additional platform functionality that maximizes synchronous and asynchronous communication includes:

"Hybrid work is here to stay and virtual meetings are the norm, but they allow for a wide margin of distraction," said Roland Fryer, Founder and Managing Partner at Equal Opportunity Ventures and newly appointed Headroom Board Member. Headroom at its core is an engagement and productivity platform - streamlining collaboration and information sharing, without a heavy lift. It saves time in scheduling, reporting and collaborating."

Simply put: meetings should be better. Unlike any other video communication and collaboration platform, Headroom is stateful. Meeting information is generated during live conversations, and can be augmented and accessed forever after. Participants are free to act naturally and engage with the information without being restricted by the actual meeting slot, said Andrew Rabinovich CTO and Co-Founder of Headroom. Those who didn't attend the meeting itself, have all the details readily available to them. With Headroom, this is automated and highlights go to non-attendee stakeholders who can replay key decisions. Our customers are also using it as an information resource they can search for key information later.

Headroom was co-founded by Julian Green and Andrew Rabinovich in 2020. The companys executive team experience spans founding and leadership roles at GoogleX, Houzz, Magic Leap, Patreon and Square. Headrooms platform currently serves more than 5,000 customers spanning technology and online education startups, as well as marketing, design, consulting and recruiting agencies. It is free with no usage caps or storage limits, and is available on Google Chrome with no download or app required. Users have full control over sharing of meeting information. Get started at https://www.goheadroom.com/.

ABOUT HEADROOM

Headroom, founded in 2020, is improving communication in meetings by augmenting meeting intelligence. Automated virtual meetings in Headroom allow attendees to act naturally, replay key decisions, build smart summaries and search everything later. Headroom is brought to you by an experienced team that has created and managed AI products used by billions of people at tech startups and large companies including Google and Magic Leap. The founders helped create the worlds leading Computer Vision, Augmented Reality and Virtual Reality products, started Unicorns, and have won a Webby. To get started with Headroom visit https://www.goheadroom.com/.

Excerpt from:
Headroom Solves Virtual Meeting Fatigue with Artificial Intelligence that Eliminates Wasted Time and Reveals Essential Highlights - Business Wire