San Francisco based Switch Communications today announced they raised $35 million dollars in a strategic Series C round, adding to their $18 million already raised previously. TechCrunch's Ryan Lawler has the news. Switch offers a cloud based telephony service aimed at businesses and enterprise customers and also supplies conference calling services under the UberConference brand.
The round is viewed as strategic because a large percentage of the new money into the company is coming out of Asia, and in turn the partners who are putting money in, which includes SoftBank, are connected to the mobile operators in that part of the world. For Switch this means a greenfield play in the areas of cloud telephony and conferencing, in a part of the world that is already mobile first, and lacking in wireline PBX competitors offering a no-hardware solution. The move into Asia by Switch comes at at time when 8x8 and Vonage Business are pursuing business in Europe which further underscores the strategic nature of the monies invested.