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Cloud communications platform Dialpad has raised $170 million in a spherical of funding led by Iconiq Capital, valuing the corporate at $2.2 billion — roughly double its valuation final yr.
Dialpad has been one of many many beneficiaries of the fast transition to a distant “work-from-anywhere” world. Its suite of cloud-based communication instruments, spanning web conferencing, business phone systems, messaging, and inbound contact centers, has helped it thrive as firms have been compelled to embrace a extra decentralized workforce.
Avoiding ‘app overload’
Dialpad has gone all-in on the notion that enterprise communication instruments needs to be unified in a single place. A part of this unification course of has entailed rebranding its beforehand standalone UberConference service as Dialpad Conferences and integrating it straight into its core platform.
“We’re streamlining the way in which folks talk and collaborate — irrespective of the place they’re,” Dialpad founder and CEO Craig Walker advised VentureBeat. “It’s now not acceptable for a corporation to anticipate its clients or workers to make the most of and navigate a number of platforms or channels. Dialpad helps clients simplify enterprise collaboration, and keep away from the rising phenomenon of ‘app overload’ for each inside and exterior communications.”
Walker has a notable historical past within the digital communications house. He initially based an web telephony firm known as Dialpad Communications again on the flip of the century, which he offered to Yahoo to function the constructing blocks of Yahoo Voice.
Walker left Yahoo to kind GrandCentral Communications, an internet service that enabled customers to merge their current telephone numbers and voice mailboxes right into a single account — he offered that firm to Google and spearheaded the launch of Google Voice. After leaving Google, Walker launched convention name service UberConference, which might later morph again into Dialpad, after Walker purchased the model and area again from Yahoo.
AI & voice intelligence
Dialpad has been ramping up its AI endeavors these previous few years, kicking off again in 2018 when it acquired a convention name transcription service known as TalkIQ. This deal served because the spine of a brand new Dialpad expertise dubbed Voice Intelligence, which may generate notes from each telephone name, conduct sentiment evaluation, and use pure language processing to spotlight actionable gadgets from conferences.
Before now, Dialpad had raised round $230 million, and within the 14 months since its earlier increase, the corporate has added a reasonably spectacular roster of consumers to a listing that already included Uber, Splunk, and Stripe — it now counts GrubHub, Rapid7, and New Relic as absolutely signed-up Dialpad shoppers too. With one other $170 million within the financial institution, the corporate plans to double down on its AI, with a give attention to hiring new personnel throughout pure language processing (NLP), machine studying, information engineering, and extra.
Different traders within the spherical included Alphabet’s GV, T-Cell Ventures, Omers Progress Fairness, Amasia, Work-Bench, and Part 32.