I just received word that Covergence has received $15 million dollars in series C funding. I recently met with them and remain impressed with their approach to VoIP and SIP. I anticipate a flurry of activity at TMC’s IP Communications Business Summit (August 8-9, 2006 in Santa Clara, California) and expect it to be the world’s best location for the venture and analyst community to meet up with the hottest companies in IP communications.
Here is a summary of the news:
-- Series C Funding round led by new investor Globespan Capital Partners and existing investors Highland Capital Partners and North Bridge Venture Partners
-- Covergence will also be adding Globespan's Andy Goldfarb, exec. managing director and co-founder, to its Board of Directors
-- Round will be used to fuel new sales & marketing opportunities, refine channel sales strategy, and expand further into international markets
-- Covergence's total funding to date (incl. this latest round) is now $31M (closed rounds of $10M in June '05 and $6M in Jan. '04)
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