Nexmo Raises $3M From Intel Capital For Mobile Messaging API Service, Signaling More Disruption For The Telcos

Funding Rounds

▤ Summary

Nexmo has raised $3 million from Intel Capital for its mobile messaging API, carrier grade service. It streamlines the layers between the telcos and developers, removing the hubs by offering a carrier grade service based upon a worldwide network that gives companies like Airbnb an international messaging platform for communicating between buyers and sellers over SMS. Developers from companies like Pfizer use Nexmo APIs to deliver messages that pop up on the display of a mobile phone, independent of SMS. Co-Founder and CTO Eric Nadalin spent five years building APIs to connect telcos into the wholesale market. Developers represent a golden chance for the telcos to work with providers like Nexmo and open-source software companies like 2600hz to create a programmable network that can be used to build out mobile apps and other services such as those that leverage SMS.

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Amount $500.0K Total raised
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Date January 1, 2012 Announcement date
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Investors NHN Investment, Twilio, Intel Capital, Airbnb, Initial Capital Lead investors
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Company http://www.nexmo.com Funded company

▥ Classifications

industries
Entertainment
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
CPaaS SaaS Developer Tools

▦ Linked Companies

Nexmo
$10M to $25M