According to an SEC filing, cloud-based phone systems provider RingCentral has raised $10 million in its third institutional financing round (with another $851,240 remaining to be sold).
The filing lists previous investors Khosla Ventures and Sequoia Capital – it’s unclear whether the company’s third backer, DAG Ventures, also participated. → Read More
GrandCentral, which Google acquired in 2007, relaunched as Google Voice way back in March. It’s still technically in private beta, but invitations aren’t all that hard to find.
From what we’ve heard, Google is very seriously planning to add a version of the Google Voice product to its Apps/Office suite of applications for businesses. Currently, businesses are offered enterprise versions of Google… → Read More
In venture capital, Vinod Khosla likes to go his own way, which is why he’s been so successful. He was the founding CEO of Sun Microsystems, and then moved to venture capital and became a star partner at Kleiner Perkins, where he backed Juniper Networks, Cerent (sold to Cisco for $7 billion) and NexGen (sold to AMD and formed the basis for its challenge to Intel). About five years ago, after… → Read More
Silicon Valley based RingCentral offers businesses a virtual telephone system (they say “Sound more professional, look like a bigger company”). It’s sort of a super-Vonage, but targeted to businesses first. And they have a lot more features, including a virtual PBX to manage multiple lines and “greetings recorded by professional voice talent.” The company took $12… → Read More
RingCentral provides phone system integration and utilities to a traditionally under-served category, small to medium sized businesses. Similar to GrandCentral, RingCentral (founded in 1998) uses a virtual number to offer more services to their users existing mobile, fax, and landlines. RingCentral numbers can feature an auto-attendant, multiple extensions, call forwarding, voicemail… → Read More
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