Virtual PBX Featured Article

thinQ Collects Round of Funding for CPaaS

October 18, 2018

By Maurice Nagle - Web Editor

The cloud is influencing communications in a transformative fashion, and further evolving this field are the many CPaaS platforms providing for mounting enterprise demand.  CPaaS is enabling developers to push the possibilities of what communications platforms are capable.

CPaaS provider thinQ announced a successful round of financing, to the tune of $24 million. Vaquero Capital played a key advisory role in the process, with Turn/River Capital leading the investment efforts. thinQ intends to use the influx for development as well as meet the demand of a wanting customer base.

“Over the past year, demand for our platform has increased substantially, and we’ve now surpassed 1,000 customers, largely due to the fact that we have developed a powerful API that makes it easy for companies to access and manage carrier services,” said Aaron Leon, CEO of thinQ. “Now, with this round of financing, we can accelerate growth and continue to innovate in order to solve all types of business communications needs. We are also excited to expand our exceptional team.”

The thinQ platform provides a customizable base for businesses to enhance inbound and outbound communications. Via API, organizations can easily develop for voice and SMS channels. Users can also leverage toll-free least cost routing (LCR) in addition to disaster recovery capabilities.

“A quality cloud-based CPaaS is essential for any business today, and thinQ has developed world-class, API-driven solutions that are cost effective for enterprises and contact centers,” said Dominic Ang, Managing Partner at Turn/River Capital. “We are excited to both provide capital and work hand-in-hand with the thinQ team, providing our own unique operational expertise in SaaS sales and marketing to help thinQ assist today’s businesses with all of their communications and carrier management needs.”

Communications are crucial to all business, and the new generation of APIs is making CPaaS a preferred route to support the communication needs of the modern organization.

Are your communications in the cloud?

Edited by Maurice Nagle


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