Hopin, the virtual events platform, announced that it acquired video hosting provider “Streamable'' and audio and video technology company “Jamm.” The terms of the deals were not disclosed. 

Founded in 2019 by Badri Rajasekar (former CTO at TokBox), Jamm is an audio and video communication tool that offers a quick and easy solution for lightweight communication that fits around workflows. Its features include screen sharing, whiteboard, and one-click shareable meeting links. The platform serves customers such as Swoop, SignEasy, Deepsource, and Stackery in a range of industries spanning fintech, gaming, and education, among others. Rajasekar will help in developing new features and products at Hopin.

Streamable is a video hosting platform that allows users to upload, crop, trip, and share videos without leaving the browser. It has more than 5,000 paying customers in over 100 countries and has around 75,000 new uploads per day. Streamable CEO Armen Petrosian will help in developing new products at Hopin.

The acquisitions will aid Hopin in creating a better video experience as the technology from Jamm will be fully incorporated into Hopin’s platform and Streamable, although it will operate as a standalone product. The two acquisitions will serve as a base for product development in the future. 

Founded in 2019, Hopin is an online platform for virtual and hybrid events. As of March 2021, over 90,000 organizers utilize the platform to host events. The company acquired mobile application Topi for an undisclosed amount in December 2020 and StreamYard for USD 250 million in January 2021 while adding 3.6 million video creators to its platform. The company has raised around USD 570 million in funding to date, with a valuation of USD 5.65 billion and an ARR of USD 70 million.