Posted on: December 19, 2011 by Ben T Smith, IVNo Comments »
With all their resources and talent, why do big companies have trouble innovating? How can a Blekko exist when there is a Google? Or a Tapulous when there is an Electronic Arts? Even more puzzling, why couldn’t Yahoo create Facebook with Yahoo 360 instead of losing out to a 20-year-old kid from Harvard? A lot [...]
by Clancy Nolan
Posted on: November 1, 2010 by Clancy Nolan1 Comment »
San Mateo, Calif.-based RingCentral has raised an undisclosed amount of Series C financing led by Cisco. RingCentral develops a platform for cloud computing-based phone systems, and is also backed Menlo Park, Calif.-based Sequoia Capital, Menlo Park, Calif.-based Khosla Ventures and Palo Alto, Calif.-based DAG Ventures
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Posted on: December 16, 2009 by Alastair Goldfisher2 Comments »
VC-backed RingCentral was started on a shoestring, with institutional investors arriving relatively late in the game, according to founder and CEO Vlad Shmunis.
The Russian-born Shmunis previously founded RingZero Systems in 1992 to sell desktop telecommunications software. RingZero then shipped 25 million units worldwide before it was acquired by Motorola in 1998.
A year later, Shmunis spun out part of the business to form RingCentral and has since raised about $24 million in VC funding from Sequoia Capital, DAG Ventures and Khosla Ventures.
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