Nexmo Raises $3 Million to Scale Disruptive Communications API
SAN FRANCISCO, CA and LONDON, Feb 21, 2013 (MARKETWIRE via COMTEX) --
Nexmo (www.nexmo.com), the company that solves mobile messaging,
today announced that it has closed a round of funding led by Intel
Capital, and including NHN Investment Corporation and Initial
Capital. Already profitable with accelerating revenue growth, the
company will use the funds to expand its suite of APIs in the cloud
telecommunications space, and finalize its direct to carrier roll
outs around the globe.
Across devices and borders Nexmo has eliminated traditional barriers,
and is disrupting the way applications and companies communicate with
over 5 billion people worldwide.
Nexmo offers a unique and innovative cloud-based API that for the
first time truly lets apps send and receive a high volume of mobile
messages seamlessly around the world, and at wholesale rates. Unlike
any other provider Nexmo enables developers and enterprises to build
scalable messaging applications in the cloud without any
intermediation to reach the final carrier. Finally, Nexmo also
benefits carriers by opening up new revenue streams from b2b
customers. The company added over 70 carriers contracts in the last
two years and has been growing at a rate of two new carriers per
Current Nexmo clients range from Airbnb to Viber and ICQ.
"2012 was an amazing growth year for our model, and another clear
validation of the importance of lean, scalable and easy to deploy
messaging APIs. Ironically most of our traffic is driven by
smartphone adoption," said Tony Jamous, Nexmo CEO. "With this round
of funding we will be able to further streamline the telco value
chain and launch a number of new products in 2013.
"As communication around the world moves rapidly toward apps, the
cloud and other distributed platforms, there is an urgent need for
businesses to pursue lean strategies which enable them to scale
quickly and efficiently," said Lisa Lambert, Vice President and
Managing Director at Intel Capital. "Through disruptive technology
and an extensive worldwide network of carrier partners, Nexmo is
vastly improving the way apps engage with users no matter where they
are or what devices they are on."
Nexmo (www.nexmo.com) is the company that solves mobile
messaging globally. Based in UK and US, Nexmo helps drive
communication for some of the Internet's most vibrant brands. Founded
in 2011, Nexmo is funded by Intel Capital, NHN Investment Corporation
and Initial Capital. More information is available at www.nexmo.com.
Natron Communications for Nexmo
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