SignalWire Raises More Money for Software Driven Telecom

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SignalWire announced today that it has lined up new funding to accelerate the development of it’s cloud-based communication platform FreeSWITCH, which will offer developers the ability to embed voice, messaging and video capabilities into their apps.

At ClueCon, an annual telecom developer’s conference in Chicago, the company announced it has closed on an $11.5 million Series A funding round, led by Storm Ventures. Sequoia Capital, Samsung NEXT and several individual investors including Zoom CEO Erik Yang, Barracuda Networks’ Dean Drako, and AME Cloud Ventures’ Jerry Yang.

“We’ve built the technology core for the world’s most technically demanding and globally scaled communications products and services, ” said SignalWire CEO Anthony Minessale, in a statement. “SignalWire is the next phase in our goal to democratize communications by making this infinitely powerful technology accessible to anyone with an idea. Developers should be limited only by their imaginations, not by their budget for minutes and messages or development cycles required to solve problems we’ve spent the past 15 years solving.”

“For more than a decade, there has been a need for a strong cloud-based developer platform which could significantly impact the telephony communications market,” adds SignalWire investor Dean Drako,  founder of Eagle Eye Networks and founder and former CEO of Barracuda Networks. “SignalWire has the right architecture to deliver.”

SignalWire, launched in 2006, operates a cloud platform for building advanced communications products, apps, or enterprise infrastructure. Deployed by over 5000 commercial enterprises worldwide, it’s API’s are built for developers of all skill sets, and are set for rapid application development on a managed elastic framework.

Image source: SignalWire/PRNewswire