Total amount raised
$450 Millions
Latest funding date
Location
Dialpad has successfully raised significant funding across multiple rounds, with its latest being a Series F. The company is backed by a diverse group of 18 investors, including Amasia and T-Mobile Ventures.
Keep reading to explore the intricacies of Dialpad's fundraising journey and the investors backing this innovative platform.
What Is Dialpad?
Dialpad, founded in April 2011 in San Ramon, California, is an AI-powered cloud communications platform. The company was established by Alex Cornell, Brian Peterson, Craig Walker, and John Rector.
Dialpad offers a comprehensive suite of communication solutions, including voice, video, group messaging, SMS, MMS, conferencing, screen sharing, and document sharing services. Their products, such as Dialpad, Dialpad Sell, UberConference, and Dialpad Contact Center, are all powered by VoiceAI.
With a workforce of 1001-5000 employees, Dialpad continues to innovate in the realm of customer communication, turning conversations into opportunities and helping teams make smart calls.
How Much Funding Has Dialpad Raised?
- Series A
- Amount Raised: $3M
- Date: May 2011
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Series B
- Amount Raised: $15M
- Date: July 2012
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Series C
- Amount Raised: $35M
- Date: May 2015
- Lead Investors: Amasia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and enter new markets.
- Series C
- Amount Raised: $17M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product development and customer acquisition.
- Series D
- Amount Raised: $50M
- Date: July 2018
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the AI capabilities of the platform.
- Series E
- Amount Raised: $100M
- Date: October 2020
- Lead Investors: OMERS Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI features and support global expansion.
- Series E
- Amount Raised: $10M
- Date: December 2020
- Lead Investors: SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI applications and expand market reach.
- Series F
- Amount Raised: $170M
- Date: December 2021
- Lead Investors: ICONIQ Growth
- Valuation at Round: $2.2 billion
- Motivation Behind the Round: To invest in AI development and hire talent for global growth.
- Series F
- Amount Raised: $50M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue enhancing AI capabilities and support business expansion.
Total Amount Raised: $445M. Current Valuation: $2.2 billion.
Key Investors
- ICONIQ Capital
- Details: ICONIQ Capital is a privately-held investment firm that serves influential families and organizations. It provides financial advisory and family office services, as well as direct investments in technology and growth companies.
- Investment Focus Areas: Technology, growth companies.
- Notable Investments: Snowflake, Uber, Airbnb.
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., focusing on early-stage investments. It provides funding and support to startups in various sectors.
- Investment Focus Areas: Life sciences, consumer products, enterprise technology.
- Notable Investments: Uber, Slack, Stripe.
- OMERS Growth Equity
- Details: OMERS Growth Equity is part of OMERS, one of Canada's largest pension funds. It invests in high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Shopify, PointClickCare.
- Work-Bench
- Details: Work-Bench is a venture capital firm that focuses on early-stage enterprise technology startups. It provides both funding and strategic support to its portfolio companies.
- Investment Focus Areas: Enterprise technology.
- Notable Investments: Cockroach Labs, Dialpad.
- Section 32
- Details: Section 32 is a venture capital firm founded by Bill Maris, the former CEO of GV. It invests in technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Ginkgo Bioworks, Vir Biotechnology.
What's Next for Dialpad?
Dialpad stands at the cusp of significant opportunities, driven by the increasing demand for AI-powered communication tools. The company plans to leverage its recent $170 million funding to enhance its AI capabilities and expand globally, targeting markets like Australia, New Zealand, Japan, and EMEA. This expansion, coupled with strategic partnerships and acquisitions, positions Dialpad to capitalize on the growing trend of remote work and digital communication.
Future fundraising seems likely as Dialpad continues to innovate and scale. However, the company faces challenges such as intense competition and the need to integrate new technologies seamlessly. Maintaining data security and managing rapid growth will be crucial as Dialpad navigates its ambitious path forward.
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