Om has a post this morning about the flurry of fund raising going on in VoIP right now.
My sources tell me that TelTel raised the money late last year and just got around to announcing things choosing to make some deal announcements. TelTel is one of those interesting companies that if they can pull off what they envision can be someone to watch. But pulling it off is the key. There open API approach is very cool.
Vonage seems to be not getting the kind of heat I bet they expected. The IPO is hardly a wonderful deal at this point and I wonder if it's really more of a red herring to get taken out by someone else.