Indian Founded Telephony Startup Plivo Receives Angel Funding
Bangalore: Plivo, a voice and messaging applications platform has raised $1.75 million in seed funding from Andreessen Horowitz, Battery Ventures, Qualcomm and SV Angel. The funds will be used to expand its sales and marketing and to increase its current team size of 17 to 20 by this December end.
Plivo was launched in December 2011 by Venky Balasubramanian and Mike Ricordeau in San Francisco. It is a Cloud telephony platform which provides voice and messaging platform with APIs and supports 24x7 so that web developers can integrate into their web app. It enables enterprises, service providers and web developers to deploy voice and SMS based applications into website or telephony endpoint including fixed or mobile connections. It provides services like outbound calling, fetching number list, checking account details.
The company which has its office in Bangalore too claims to have signed up about a dozen enterprise customers, including Imprezzio, a software solutions company.
In July this year Plivo was admitted to the incubation programme of Y Combinator, a Silicon Valley seed fund. It is also backed by The Morpheus startup accelerator, which invested $10,000 in the company last year. It also received $250,000 from Seeders Venture Capital and One97 Mobility Fund.
In the cloud based platform space, Knowlarity raised funds from Sequoia Capital in January this year. American firm Resolvity also entered India by launching VoiceGain, a cloud based speech IVR platform in India targeted towards Indian SMEs.
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