SignalWire Boosts Platform Development with $30 Million in Funding

Telecom software provider SignalWire announced the company secured $30 million in funding after the company’s latest investment round, bringing SignalWire’s investment total to $41.6 million. The company intends to use these funds to fuel the development of a new unified communications platform, as well as additional tools and services.

SignalWire was founded in 2006, and primarily focuses on providing businesses with multi-channel telecom infrastructure that can easily integrate APIs and SDKs, without compromising or overusing technological resources. As video communications continue to be integral to business operations, the company hopes to meet the needs of customers with telecom products and services that can be supported by an elastic cloud network.

“The pandemic has brought into sharp relief the need for communications technologies that are scalable, secure, customizable, and fast-to-market for developers. For end-users, and especially those using video, the experience needs to be smooth, stable, clear, and not a drain on network or compute resources,” said Anthony Minnesale, Co-Founder and CEO of SignalWire. “The good news is that we’ve been working toward that exact vision for more than 15 years, and have designed the roadmap for its further implementation.

The series B investment round was supported by a number of tech investors including Prosperity7 Ventures, Storm Ventures, Samsung NEXT. The company also received support from Jerry Yang (AME Cloud Ventures), and Dean Drako (Barracuda Networks).

Edited by Maurice Nagle