RingCentral, a San Mateo, California-based provider of cloud business phone systems platform and services, has closed a $10m Series D financing.
The round was led by Scale Venture Partners, with participation from Sequoia Capital, Khosla Ventures, Cisco, DAG Ventures, and Silicon Valley Bank.
The company intends to use these funds which bring the total amount raised to date to over $55m, to deliver new products and services.
Led by CEO Vlad Shmunis, RingCentral provides cloud based business phone systems platform and services for mobile and distributed businesses. It allows small and medium sized business customers to set up a phone system that integrates all of their employees and gives them access to enterprise level phone system functionality.