Ringover Secures $100 Million Funding as Investors Continue to Embrace Cloud Tech

By Luke Bellos, Editor, TMCnet  |  January 27, 2021

The cloud revolution continues in 2021, and several companies are gaining attention from investors due to confidence in future growth.

Ringover, a cloud based platform provider based in Europe, is one of the latest companies to benefit from the surge of demand in cloud technology. The company recently announced that it has secured  €10 million ($12 million) in a series A round of funding from Expedition Growth Capital. Ringover representatives commented that the funding will be used to “power the future of enterprise communication.”

Though there are optimistic signs that the pandemic could slow down over the coming months, the past year had sent a message to the entire business world that having proper cloud capabilities is now a necessity. Remote activity will likely continue long after the pandemic ends, and companies are quickly adjusting to this fact.

“People aren’t based in physical office and call center spaces with access to a physical work phone or desktop software, so being able to carry out all the same tasks and workflows on a remote digital platform is a priority for businesses, and investors are seeing that growth potential.” said Ringover cofounder and CEO Renaud Charvet.

2020 helped usher in a massive amount of funds for a number of other cloud-based organizations. For instance, Talkdesk and MessagBird are both valued at $3 billion dollars after securing well over $100 million in funding. Dialpad and Aircall have also experienced excellent financial growth, receiving $100 million and $65 million investments, respectively.

Edited by Maurice Nagle