Fuze Announces $150 Million in Funding

Cloud-based communications solution provider Fuze closed a financing round of $150 million led by Boston-based Summit Partners, with participation from Bessemer Venture Partners and other existing investors.

The new Fuze 5.0 platform is designed to help businesses streamline communications and collaboration between their independent contractors, vendors, partners, and customers. The company’s new Fuze Web enables any user or guest participant to enjoy the Fuze Desktop experience without installing an app or browser extension.

Fuze has also joined forces with AppNeta to deliver a network monitoring service that gives customers real-time visibility into network performance and the ability to resolve issues before they affect communication quality.