A Company Called Mmhmm Just Raised $100 Million
The creator of Evernote is getting into video.
Phil Libin
Source: MmhmmThis article is for subscribers only.
When Phil Libin created note-taking app Evernote in 2007, he was making a bet that smartphones would be the next big thing. Now, he has a new company built around what he thinks is the next transformative trend: video chat.
Libin’s new company Mmhmm Inc. (yes, that’s its legal name), is a souped-up video communications service. It works alongside existing companies such as Zoom Communications Inc., and will soon function as a standalone product, building in more features than traditional video software. On Wednesday, Libin plans to announce that Mmhmm has raised $100 million from investors led by SoftBank’s Vision Fund, with participation from Sequoia Capital and others.