Owl Labs Raises $25 Million in Series C Funding Round Led by HP Tech Ventures

( Published on November 14, 2022 )

Owl Labs, the first company to build AI-powered, 360-degree video conferencing solutions, today announced a $25 million Series C investment and a strategic partnership with HP, bringing the company’s total funding to over $47 million. The funding round was led by HP Tech Ventures, the venture capital arm of HP Inc., and Angelo Del Priore, Partner at HP Tech Ventures, has joined Owl Labs’ board of directors. Owl Labs’ strategic partner in Japan, Sourcenext, also participated in this round, along with existing investors Matrix Partners, Spark Capital, and Playground Global.

Owl Labs will use the new funding to support product development and increase global adoption of the company’s products, including the Meeting Owl® product line, the first AI-powered, 360-degree camera, microphone and speaker that automatically zooms in on whoever’s speaking; Whiteboard OwlTM, a dedicated camera that adds any in-room whiteboard to video conferences; and Meeting HQTM, an in-room computer and control center for video meetings. The company recently launched the latest device in its flagship product line, the Meeting Owl 3. More than 130,000 organizations globally, including 84 Fortune 100 companies, use Owl Labs products to ensure a level playing field between in-person and remote participants in hybrid meetings.

HP will collaborate with Owl Labs to continue its accelerated growth, invest in its hardware and software offerings, expand its global footprint and deepen go-to-market partnerships starting with a commercial agreement between Owl Labs and HP France, where HP will launch Owl Labs’ products with their local sales teams. HP will provide sales coverage and outreach with enterprise companies, and further deepen the company’s relationships with small businesses and educational institutions through Owl Labs products. Owl Labs has been expanding globally since 2020 with significant sales and adoption in key European markets, with France being a high-potential growth market.

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