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.
I almost forgot – Robins Consulting Group is a strategic partner in this summit and we are looking forward to it being an industry first!
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)
