Knowlarity raises US$16M Series B funding from Sequoia Capital, Mayfield
The Indian cloud telephony startup will use the monies to invest in research and development, and boost expansion internationallyBy Twishy Shahi 29 Jul, 2014
The monies will be used to invest in research and development, and boost expansion internationally.
Earlier this year, e27 reported the Sequoia Capital-backed company is aiming to raise about US$10M to US$15M to expand presence in SEA, Middle East, Latin America.
Mohit Bhatnagar, Managing Director, Sequoia Capital India Advisors said, “Sequoia was the first institutional investor at Knowlarity and over the years we have built a priceless trusting relationship with Ambarish and the management team. A big thank you to the thousands of Knowlarity customers who have helped shape this company and super happy that we will now be welcoming customers across Asia. Knowlarity can help every business manage their precious leads and distributed sales teams with a few simple clicks on their mobile.”
On the funding, Vikram Godse, Managing Director, Mayfield India added, “Knowlarity is solving a big pain-point for businesses, allowing them to communicate faster, cheaper and better. We are very excited to partner with the team to build out what could be the largest cloud telephony company in emerging markets.”
The company’s product SuperReceptionist is a cloud PBX — a hosted business phone system — that allows one to record, route, forward and track every call that a company makes or receives. It plans to use a 360-degree customer acquisition model that includes online marketing, field visits and channel partners to increase its presence in overseas markets.
Ambarish Gupta, CEO and Founder, Knowlarity Communications said, “Knowlarity is to communications what AWS is to applications. Knowlarity provides the tools needed by businesses to build today and scale tomorrow.”
Headquartered in Singapore, Knowlarity claims over 6500 paying customers worldwide, ranging from mom-and-pop startups to large blue-chip companies.