Communications PaaS Provider Speedtong Lands USD 70 Mln Series C
36Kr.com, 7/05/16
Beijing-based integrated voice and communications platform operator Speedtong Information Technology recently announced completion of USD 70 mln Series C funding led by Sequoia Capital with participation from Series B investor Trust Bridge Partners and new international strategic investors. Sun Changxun, founder of Speedtong, said that funds will be used towards product development and innovation, developing a business communications ecosystem, and expanding into international markets by offering cloud-based communications services for global companies.
Speedtong, established in May 2013, operates a full-service cloud platform as a service (PaaS) for communications. It offers enterprises and individual developers a wide range of VoIP, IM, video, meeting, call center and interactive voice response (IVR) communications services by bringing together carriers' network and communications resources and bundling these resources to offer application programming interfaces (API) and software development kits (SDK). By integrating these cloud communications APIs into their applications, developers can incorporate capabilities such as voice messaging, group voice chat, click-to-call, voice conferencing, and video calling.
Speedtong's platform already has more than 200,000 developers and 50,000 enterprise users, and clients include Chinese companies Tencent (0700.HK), Alibaba Group (NYSE: BABA), JD.com (Nasdaq: JD), Baidu (Nasdaq: BIDU), Qihoo 360 (NYSE: QIHU), and Xiaomi.
Editor's Note: For more information on this topic, please see "Communications PaaS Provider Speedtong Lands USD 15 Mln Series B," MD 1/23/15 issue.
Keywords: Speedtong software funding Series C VC Sun Changxun cloud computing VoIP video calling IVR Sequoia Capital Trust Bridge Platform as a Service
Sending
