Wednesday, October 27, 2010

RingCentral Rings In Another $10 Million From Khosla, Sequoia

According to an SEC filing, cloud-based phone systems provider RingCentral has raised $10 million in its third institutional financing round (with another $851,240 remaining to be sold).

The filing lists previous investors Khosla Ventures and Sequoia Capital - it's unclear whether the company's third backer, DAG Ventures, also participated.

TRANSACTION SYSTEMS ARCHITECTS TOTAL SYSTEM SERVICES

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