Cloud9 Technologies, a NYC-based cloud-based communications company, closed $17.5m Series B funding round.
The round was led by a strategic investment from UBS, with participation from existing investors including J.P. Morgan and Barclays.
The company intends to use the funds to expand operations and its business reach.
Led by Jerry Starr, Chief Executive Officer, Cloud9 Technologies provides a voice communication and analytics platform designed for the needs of the financial markets. The company connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets.