RingCentral Raises $12 Million From Khosla And Sequoia
RingCentral provides phone system integration and utilities to a traditionally under-served category, small to medium sized businesses. Similar to GrandCentral, RingCentral (founded in 1998) uses a virtual number to offer more services to their users existing mobile, fax, and landlines. RingCentral numbers can feature an auto-attendant, multiple extensions, call forwarding, voicemail, click-to-call, screening, logs, and Outlook integration.On Monday, the company will announce they raised a $12 million series A financing from two highly respected firms, Khosla Ventures and Sequoia. RingCentral is also adding a new CFO, Dinesh Lathi, who was an ex-VP of eBay. They have currently provisioned over 100,000 numbers and serve over 40,000 paying customers with plans ranging from $9.99 per month to $24.99 per month.