How long has Loom been in business?

As a seasoned observer in the cryptocurrency and finance landscape, I'm curious to delve deeper into the history and longevity of Loom. Could you please elaborate on how long Loom has been operational in the market? Understanding its track record and duration of service is crucial for assessing its stability and reliability in the ever-evolving crypto sphere. Your insights would greatly assist in evaluating the company's position and potential in the long run.