Nylas, the unified communications API for integrating software with email, calendars, and contacts, secured $16 million in a Series B funding round led by Spark Capital with participation from Slack Ventures, Industry Ventures, and ScaleUp, joining existing investors 8VC, Great Oaks Capital, Rubicon Venture Capital
Local business customer communication platform Podium raised $60 million in a Series B growth round of funding led by IVP with participation from Accel, Summit Partners, GV (formerly Google Ventures), and Y Combinator. Podium launched in 2014 to help local businesses get honest and timely online
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,
DigitalGenius raised $14.8 million in Series A financing, led by Global Founders Capital. MMC Ventures, Paua Ventures, Kairos Ventures, Runa Capital, Spider Capital, Salesforce Ventures, RRE Ventures, Lumia Capital, Compound Ventures, and Lerer Hippeau Ventures also participated. Founded in 2013 by Dmitry Aksenov and Mikhail Naumov,
XOi Technologies closed $4.5 million in financing, led by Vocap Ventures. Nashville Capital Network also participated in the round. The company’s technology helps to optimize the mechanical, electrical, and plumbing industry by equipping companies with intelligent field service communications solutions. Through its cloud-based platform, XOi
K1 Investment Management announced the acquisition of Actiance, a communications compliance, archiving, and analytics company. Pending regulatory approval from government authorities, Actiance will combine with K1’s portfolio company Smarsh, which provides comprehensive archiving solutions for compliance, e-discovery, and risk management. Actiance, founded in 1998, is
StoneCalibre announced that it has completed the acquisition of Applied Voice & Speech Technologies Inc. ("AVST"), a developer of software-based unified communications (UC) solutions for businesses of all sizes. The company was merged with XMedius Solutions Inc. as of October 31st. [bg_collapse view="link" color="#4a4949" icon="arrow"
Sonus Networks, Inc., a global leader in secure and intelligent cloud communications, disclosed the completion of the Sonus and GENBAND mergers -- following which each became a wholly-owned subsidiary of a parent company formed for purposes of the transaction -- and that it has begun