SignalWire raises $30M to develop its distributed communications network

SignalWire, a application-defined telecom that makes use of distributed infrastructure that runs in the cloud, today announced that it raised $30 million. The firm says the funds will be place toward expanding its workforce and supporting item R&ampD.

Software-defined networking’s origins can be traced back to a 2008 analysis collaboration amongst Stanford University and the University of California, Berkeley. At its core, application-defined networking is a category of technologies that allow automated provisioning and orchestration of network sources. Because of its prospective to unify and considerably simplify manage of network management, IDC estimates that the marketplace for application-defined networking grew from $960 million in 2014 to more than $8 billion in 2018.

SignalWire, which was founded in 2017, gives an elastic cloud network that lets firms integrate messaging and video capabilities into their apps or infrastructure. SignalWire’s cloud messaging platform supports programmable SMS that can be used to attain buyers on their preferred channel, or to embed chat experiences devoid of possessing to reconfigure network policies.

“SignalWire was born in open-source, our core founding team developed the most widely deployed open-source communications platform in the world, the de-facto standard for software-defined communications products and services, FreeSWITCH,” COO Sean Heiney told VentureBeat by way of e mail. “SignalWire was founded to democratize this powerful open-source technology platform via an elastic cloud network and developer-friendly APIs.”

SignalWire’s network of 15 datacenters is developed as a centralized technique, with nodes that are containerized, cache-equipped, and optimized to run across public and private cloud providers across the globe. The firm says that its network can intelligently route site visitors like voice calls to the closest suitable server, endpoint, or public switched phone network providers, ostensibly minimizing latency and information access instances.

“Because our architecture can be run in private data centers on any commodity hardware, it is possible [for companies to] collaborate to extend our real-time telecom network to [a proprietary] network edge for use in industrial, surveillance, or collaborative applications in remote locations not well-served by traditional telecom networks,” SignalWire explains on its web site. “Built into our network is a messaging bus that enables nodes to ‘come and go’ — to authenticate securely, announce their presence and metrics, and subscribe to event channels.”

Video and events solutions

SignalWire sells access to solutions like SignalWire Stack, the industrial version of the company’s open supply FreeSwitch technologies that is in use by Netflix, Amazon, Ring, Comcast, and more than 5,000 enterprises. The communications platform gives gateways to well-known voice, text, and video chat protocols and features text-to-speech, automatic speech recognition, get in touch with recording, voice mail, conferencing, fax, video layouts, video superimposing, screen sharing, and more.

SignalWire Work, a newer service, supports 4K video and more than one hundred participants as properly as AI-based noise cancellation and transcripts. From a workflow point of view, it divides factors up into virtual offices with person rooms that persist in the cloud. SignalWire Work complements SignalWire Events, a virtual venue consisting of one or more rooms or video sources. It permits attendees to stroll a hall, pop into sessions, interact with other attendees, and meet in private places.

In what’s been a boon for 65-employee SignalWire, the pandemic has supercharged video chat usage. A survey by Commercial Integrator located that 83% of companies with more than 250 personnel are most likely to buy video calling tools in the close to future. Reflecting this interest, the videoconferencing marketplace had an estimated worth of $4.8 billion in 2019 and is anticipated to attain $9.2 billion by 2027, Facts &amp Figures reports.

For its portion, SignalWire reported annual recurring income of more than $10 million in 2020. It at the moment has more than one hundred buyers with roughly 15,000 customers.

Samsung Next, Storm Ventures, and other investors participated in SignalWire’s most up-to-date round, a series B. It brings the Palo Alto, California-based company’s total raised to more than $41 million.

Originally appeared on: TheSpuzz