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Summary:

Free online video chat service TokBox has raised a $10 million Series B round of financing led by Bain Capital. Sequoia Capital, which provided $4 million for the startup’s Series A funding, also participated in this second round. TokBox has worked to expand its reach over […]

Free online video chat service TokBox has raised a $10 million Series B round of financing led by Bain Capital. Sequoia Capital, which provided $4 million for the startup’s Series A funding, also participated in this second round.

TokBox has worked to expand its reach over the past year, developing its video chat service for web-based IM platform Meebo as well as Facebook, and the company released an Adobe AIR version of its service.

TokBox isn’t alone in this space, IMO.IM is another browser-based video-enabled chat service (founded by ex-Googlers) and Skype offers video calling as well. No one, however, has solved the biggest problem with video chat: webcam placement. Until someone builds a camera behind the monitor, video conversations will never feature eye contact, as everyone’s looking down (and away from the camera) to see the person they’re chatting with.

  1. [...] Capital has led a $10 million investment in TokBox. The move comes less than a month after the company named a new CEO, Nick Triantos, who [...]

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  2. [...] co-founder Serge Fauget in somewhat mysterious circumstances in March 2008. Tokbox has raised close to $14 million in two rounds of venture financing from Sequoia Capital and Bain Capital. The company had launched [...]

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  3. The issue of real online eye contact has been solved: http://www.iris2iris.com

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