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KumoSpace

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KumoSpace
Privately held company
ISIN🆔
IndustryCommunication software, Virtual office, virtual workplace
Founded 📆November 1, 2020; 3 years ago (2020-11-01)
Founder 👔Yang Mou, Brett Martin
Headquarters 🏙️,
New York City
,
United States
Area served 🗺️
Worldwide
Members
Number of employees
🌐 Websitewww.kumospace.com
📇 Address
📞 telephone

Kumospace is a company that specializes in virtual office and virtual events software. It is based in New York City, NY, United States.[1]

History[edit]

The founders of Kumospace are two friends — Yang Mou and Martin Brett. Before creating Kumospace, they created several companies focused on using technology to connect people: Sonar, Switch, and finally, Kumospace.

Yang Mou (co-founder and CEO), prior to Kumospace, led consumer-facing software development at Oscar Health. According to the New York Times, Kumospace founders were mainly influenced by massively multiplayer online role-playing games such as World of Warcraft.[2]

During the platform's development from August 2020 to March 2021, Kumospace increased its active user base 100 times from an undisclosed base.[3]

The official date of Kumospace's creation is November 1, 2020. A few weeks later (November 23), the venture studio Boldstart made the first check.[4]

In April 2021, Kumospace secured $3 million in seed funding led by Boldstart Ventures with participation from Lightspeed’s Scout Fund and GP from ENIAC Ventures.[5]

In August 2022, Kumospace closed a $21 million Series A round led by Lightspeed with participation from Boldstart Ventures and others. The Series A brings 20-employee Kumospace's total raised capital to $24 million.[6]

In October 2022, Kumospace partnered with theDesk, a coworking space platform headquartered in Hong Kong, to launch a virtual work and collaboration platform for businesses in the country.[7]

Super Goop, a cosmetic brand specializing in SPF, presented the launch of its new product, Glowscreen Body SPF 40, through Kumospace's digital platform. It is the first known experience in Thailand. The created space was in line with the brand's concept. The event featured a large swimming pool and a broadcast by the brand's founder.[8]

Workflow[edit]

Users can log in as guests without providing an email address. After selecting an avatar, they enter a stylized, video game-like simulation of a physical office with chairs, coffee tables, water coolers, and conference rooms. The platform offers team-building analogs, such as games, music, and drinks (in a virtual bar).[9]

Kumospace has ten rooms, each with a challenge you can solve with your team. Over time, Kumospace plans to expand the range of games embedded in the virtual environment.[10]

Virtual office spaces come in different sizes and are designed for 30 people.[11]

References[edit]

  1. "Kumospace levanta dinheiro para substituir escritórios físicos por virtuais - TEG6" (in português). 2022-08-08. Retrieved 2023-05-28.
  2. Lu, Yiren; Abella, Derek (2021-02-17). "The Race to Fix Virtual Meetings". The New York Times. ISSN 0362-4331. Retrieved 2023-05-28.
  3. "Immersive spatial video chat provider Kumospace raises $3M in seed funding". SiliconANGLE. 2021-04-21. Retrieved 2023-05-28.
  4. "Kumospace". boldstart ventures. Retrieved 2023-05-28.
  5. FinSMEs (2021-04-21). "Kumospace Raises $3M in Seed Funding". FinSMEs. Retrieved 2023-05-28.
  6. Wiggers, Kyle (2022-08-08). "Kumospace nabs cash to replace physical offices with virtual ones". TechCrunch. Retrieved 2023-05-28.
  7. "HK's theDesk partners with office software platform Kumospace | AsiaTechDaily - Asia's Leading Tech and Startup Media Platform". 2022-10-31. Retrieved 2023-08-04.
  8. https://positioningmag.com/author/sukyai (2021-09-29). "งานอีเวนต์ออนไลน์มิติใหม่ครั้งแรกในไทย! Supergoop! เปิดตัวผลิตภัณฑ์ Glowscreen Body SPF 40 กันแดดผิวกายเนื้อโลชั่น ผ่าน Kumospace ผู้นำด้านเวิล์ดดิจิทัลพร้อมเพลิดเพลิน Virtual Pool Party จิบมินิบาร์ ท้าแดด!". Positioning Magazine. Retrieved 2023-05-28.
  9. Wiggers, Kyle (2022-08-08). "Kumospace nabs cash to replace physical offices with virtual ones". TechCrunch. Retrieved 2023-05-28.
  10. Lu, Yiren; Abella, Derek (2021-02-17). "The Race to Fix Virtual Meetings". The New York Times. ISSN 0362-4331. Retrieved 2023-05-28.
  11. Staff (2021-10-19). "Kumospace: Try this fun new way to mix up your virtual meetings". Barrie 360. Retrieved 2023-05-28.


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