RingCentral raises $12M more for centralized communications
RingCentral, a Redwood City, Calif., company that allows small businesses to unify and manage their phone, mobile, fax and email communications, said it has raised $12 million more in a second round of financing.
This follows $12 million raised in Sept. of last year.
The round was led by DAG Ventures and included existing investors Sequoia Capital and Khosla Ventures.
RingCentral said it now has 50,000 active customer accounts, up from 40,000 in September. Accounts range from one to many subscribers, typically in small businesses with 20 or fewer employees, the company said.
RingCentral offers the advanced features of traditional office public branch exchange (PBX) systems plus integrated voice/web applications. Unlike traditional PBX or office phone systems, RingCentral is hosted on the web and is delivered in a subscription-based, software-as-a-service model. Examples of features include:
• Setup and customization in minutes on the web
• Toll-free and local business phone and fax numbers
• Multiple extensions with voicemail
• Call forwarding to any phone
• Message alerts on cell phones or PDAs
• Greetings recorded by professional voice talent
• Optional voice-over-Internet-Protocol (VoIP) lines.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












