The raise comes after significant growth, with COVID effects accelerating migration to the cloud for telephony and contact center solutions. The additional capital will be used to continue to accelerate Dialpad's innovation and lead in building the next generation cloud phone system and contact center while expanding go-to-market activities domestically and internationally. In total, Dialpad has raised $220 million, and the valuation over $1.2B demonstrates its leadership position in the Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) marketplace and solidifies the role of, and need for, AI-powered insights on all calls as a strategic differentiator for businesses of all sizes.ĭialpad was the first business communications and contact center provider to bring native, real-time transcription, automated note-taking, live sentiment and voice analytics to market, and with the rising demand for remote collaboration, the company has grown as a leader in the space. OMERS Growth Equity led the round, with participation from existing investors including Andreessen Horowitz, GV, ICONIQ Capital, Felicis Ventures, Section 32 and Work-Bench. The round reflects the strength of both Dialpad's business and the strategic role that best-in-class work from anywhere communications tools are playing for businesses worldwide.
#DIALPAD HIGHFIVE SERIES#
6, 2020 /PRNewswire/ - Dialpad, Inc., the AI-powered cloud business phone and contact center provider for modern businesses, today announced $100 million in Series E funding.
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