- General
- October 6, 2020
- 4 minutes read
Dialpad Lands $100 Million Round
Craig Walker, CEO, Dialpad. Photo credit: Dialpad Dialpad, a cloud communications platform for enterprises, has announced that it’s raised $100…
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| Craig Walker, CEO, Dialpad.
Photo credit: Dialpad
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Dialpad, a cloud communications platform for enterprises, has announced that it’s raised $100 million in new funding that gives it a valuation of $1.2 billion. The new funding, a Series E, came from a group of investors including Andreessen Horowitz, Iconiq Capital, and Alphabet’s GV, bringing the total amount of equity financing raised by Dialpad since its inception now to $220 million.
Dialpad, being an online communications platform for businesses, has seen a business boom on the heels of a coronavirus pandemic that has largely driven people to work from home and majorly adopt online communications tools as a result. According to Dialpad’s CEO Craig Walker, the company recorded its two best quarters ever in the first and second quarter of this year.
Dialpad as a company traces its roots to UberConference, a conference calling platform founded by the company’s current CEO, Craig Walker, in 2012. Walker founded UberConference after selling two previous internet communications startups, Dialpad Communications and GrandCentral Communications, to Yahoo and Google in 2001 and 2007 respectively. After founding UberConference, Walker decided to adopt back the Dialpad brand after it was shuttered by Yahoo and housed UberConference under a renamed parent company named Dialpad. Since then, he’s expanded it with two acquisitions; TalkIQ, a platform for transcribing video calls, and Highfive, a video conferencing platform. Now, Dialpad has made its mark as a unified online cloud communications software suite for enterprises.
Dialpad has attracted a series of customers including big names like Uber, Motorola, Splunk, Hubspot, and Stripe. The company will use its new funding to further expand its business.
