CPaaS Company CometChat Raises $10 Million In Series A Funding
CometChat, a Denver and Mumbai-based CPaaS (Communications Platform as a Service) company, has raised $10 million in a Series A funding round led by Signal Peak Ventures (SPV).
The oversubscribed round also saw participation from existing investors, including Matchstick Ventures, Range Ventures, Unbound VC, among others.
CometChat, in a media statement, said the funding would further enable growth acceleration along with platform enhancements. The CPaaS company has plans to invest in expanding its global market share by investing in employee growth, accelerating Go-to-Market strategies, scaling platform infrastructure and platform features.
CometChat | Voice, Video & Text Chat SDKs, APIs & Plugins For Developers
Founded by siblings Anuj and Anant Garg in 2010, CometChat has built a communications platform for enterprises that provides them with plug n play text, chat, video and voice communications solutions to be integrated into their websites and apps.
Speaking on the development, Anuj Garg, Co-founder CEO of CometChat, said,
“We are thrilled to add SPV as an investor and partner as we look to scale our platform offering and expand our growing customer base. This is an important milestone that we wouldn’t have reached without our incredible team. We look forward to further investing in our customers’ success.”
Trusted by over 50,000 developers worldwide, the India and the US-headquartered company has enhanced the stability and scalability of the platform, ensuring customers can confidently deliver a rich user experience. CometChat works with global names like HeySummit, Swedbank and Endeavour.
Speaking on the development, McKay Dunn, Partner at Signal Peak Ventures, said,
“When I first met Anuj and Anant a few years ago, I immediately knew that they were people that I wanted to work with. I was impressed by their extremely complementary skill sets and by the unique way they were pursuing a developer-first approach to chat. They have since been able to build out a world-class team, and I couldn’t be happier to be a part of the CometChat journey.”
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