Telestax Raises $4.7m in Funding

Telestax, an Austin, TX-based provider of a real-time communications platform, raised $4.7m in funding.

The round was led by LiveOak Venture Partners.

The company intends to use the funds to accelerate product capabilities, grow the operational support team and expand market reach.

Led by Ivelin Ivanov, CEO and co-founder, Telestax provides RestcommONE, a WebRTC platform for building enterprise class real-time messaging, voice and video applications. It supports cloud, on premise and hybrid deployment configurations.
Launched in 2011, the RestcommONE platform today supports 900 million calls per day and 200 million messages per day on premise, and 500 million calls per week and 5.5 million messages per week in the cloud.

RestcommONE Marketplace connects these new Omnichannel applications with RestcommONE CPaaS-enabled (Communications Platform as a Service) service providers and increases the revenue opportunity for both.

Telestax has over 170 commercial customers on every continent, including Avaya, MetTel, Ping An Bank, T-Mobile, Unifonic and NTT-AT.



Join the discussion