Nexmo, a mobile messaging enabler for Over-The-Top (OTT) app developers, has raised $18 million in its Series C round of funding led by Sorenson Capital, with participation from its existing investors, Intel Capital and NHN Investment.
The company, which opened a data center in Singapore, will utilize the funds to expand its suite of communication APIs and scale its distribution channels.
In addition to using its latest funding round to invest in its advanced messaging and voice product lineup, Nexmo will also increase its worldwide sales, support and marketing efforts, as well as add staff to its San Francisco, CA headquarters and its global offices in Europe and Asia.
Profitable with increasing revenue growth, Nexmo will use the funds Nexmo connects web applications directly to billions of phones, enabling instant and two-way communication among businesses and their customers on a global basis.
Mobile messaging apps such as Line and Viber use Nexmo for their user acquisition and security; Pingdom uses Nexmo for mission critical notifications for its IT monitoring service; and Airbnb utilizes Nexmo to connect hosts with guests safely and instantly.
Nexmo CEO Tony Jamous, said: “Nexmo has enabled enterprises to adapt their businesses on a virtual ‘real time’ basis and reach their customers quickly through an ultra-efficient ecosystem between wireless carriers and phones.”
Approximately 80 percent of the OTT market now uses Nexmo. Nexmo also achieved a staggering run rate of over 2.5 billion API calls that were placed using the service in 2013.
