Eying An IPO, Cloud-Based Phone System RingCentral Raises $10M From Cisco And Others

Cloud-based phone systems provider RingCentral has raised $10 million in new funding from new investor Scale Ventures and Cisco. The company previously raised $45 million in funding from Cisco, Sequoia Capital, Khosla Ventures, DAG Ventures, and Silicon Valley Bank. RingCentral markets an advanced, cloud-based replacement for legacy phone systems in the form of a hosted business phone platform with voice and fax functionality. The platform includes auto-receptionist, multiple voicemail boxes, call routing, business answering rules, extension dialing, call transfers, and integration with Smartphones. RingCentral's phone systems basically make their clients appear bigger than they are.

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