Business VoIP Featured Article

Cloud9 Garners $14 million in Series B

August 02, 2018

By Paula Bernier, Executive Editor, TMC

Cloud9 Technologies has closed $14 million in funding as part of its Series B. Barclays took the lead in the round. JPMorgan, which is onboarding 2,000 of its traders and salespeople to the platform, and NEX Group also participated.

"Despite being a cornerstone of global financial markets, voice trading and its data have been siloed off from the intelligence that fuel capital markets strategies," said Cloud9 CEO Gerald Starr. "With the financial and strategic commitment of industry leaders such as Barclays, JPMorgan, and NEX Group, we're equipped to rapidly grow our role as the new standard for voice trading communications world-wide – ushering in an era in which voice is viewed as a key business asset."

Catering to institutional traders, Cloud9 Technologies provides a purpose-built, end-to-end voice communication solution. That solution handles millions of voice communications daily for more than 5,000 institutional users. And it can be integrated with third-party applications and analytics provider solutions.

The company’s new funding adds to the $30 million it garnered two years ago from Barclays, Chase, JPMorgan, NEX Group, and Point72 Ventures.

Cloud9 expects to use its new Series B funds to accelerate development and rollout of its SaaS-based voice communications platform around the world.

"For the last few years, Cloud9 has proven its commitment to fostering long-overdue innovation in the trader voice space," said Kester Keating, Head of US Strategic Investments at Barclays. "We were an early investor and believer in Cloud9, and we're proud to support its continued growth and excited by the possibilities its technology can create."

Cloud9 Chairman and CEO Gerald E. Starr and Chief Product Officer Steve Kammerer founded the company in 2014. The company says its mission is to empower firms with the benefits of modern communication and enhance trader workflow with actionable analytics.


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