SignalWire, Inc., a Palo Alto, Calif.-based provider of an open-source enterprise communication platform, closed an $11.5m Series A funding round.
The round was led by Storm Ventures with participation from Samsung NEXT and Sequoia Capital (Sequoia Scouts) and by fellow Silicon Valley OGs Erik Yang (CEO, Zoom), Dean Drako (Founder, Barracuda Networks), Yahoo’s Jerry Yang (AME Cloud Ventures) and Ron Neuenberger (AngelFire).
Led by CEO Anthony Minessale and COO Sean Heiney, SignalWire delivers a cloud platform for building advanced communications products, applications, or enterprise infrastructure. Its APIs, built for developers of all skill sets, enable rapid application development on a managed elastic framework. The company’s technology is already deployed by over 5000 commercial enterprises around the world.
SignalWire intends to use the funds to accelerate the development of its Cloud communication platform, a new offering that allows developers to embed voice, messaging, and video capabilities into applications using advanced real-time APIs.