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February 15, 2006
SIPphone Gets Venture Capital to Go Wireless
TMCnet Associate Editor
SIPphone Inc, maker of the popular PC-to-PC VoIP software Gizmo Project, is reportedly getting ready to expand its service to non-PC devices, including adapters, routers, WiFi handsets and dual mode mobile phones.
The company reported today that it has secured $6 million in venture capital funding from Dawntreader Ventures to expand its VoIP platform to the wireless markets. Subsequently, the company will be promoting adoption of the open standard auto-provisioning system “plug-n-dial” (see www.plugndial.com).
“The release of Gizmo Project has driven over 400,000 registered users to our PC-based service, but our goals go beyond free calls between PCs,” said SIPphone CEO Michael Robertson in a press release. “We want to seamlessly link the internet and the traditional calling world of landlines and mobile phones and that’s becoming possible as low cost SIP-based devices such as dual-mode mobile phones and WiFi phones become a reality.”
As a result of the change in direction for the company, SIPphone’s San Diego-based headquarters is expected to triple in size over the next year, with hiring primarily in business development and engineering.
The financing round represents the first external funding for SIPphone. Joining the board of SIPphone is Dawntreader managing director Edward G. Sim. Private investors from Michael Robertson’s previous digital music startup MP3.com Inc. also participated in the funding.
For more information about SIPphone and the Gizmo Project visit http://www.sipphone.com/.
Patrick Barnard is Associate Editor for TMCnet and a columnist covering the telecom industry. To see more of his articles, please visit Patrick Barnard’s columnist page.
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