ETtechCommunications platform-as-a-service (CpaaS) company CometChat has raised $10 million in series A funding round led by US-based Signal Peak Ventures with participation from existing investors Matchstick Ventures, Range Ventures and Unbound VC.
The funding will be used for growth along with platform enhancements, scaling platform infrastructure and tech upgradation, a senior company official said.
Last year, CometChat had raised $1.6 million in pre-series A round.
Founded in 2010 by siblings Anuj and Anant Garg, CometChat provides enterprises with a plug-and-play text, chat, video and voice communications options to be integrated in their websites and apps.
The Denver and Mumbai-based company counts HeySummit, Swedbank, Endeavor, and the Times Group, which is also the publisher of ET, among its clients.
Anuj Garg, cofounder and CEO of CometChat, said the company is already providing one million concurrent connections for its users. “We plan to scale that to 10 million concurrent connections in the next 12 months.”
He said the Covid-19 pandemic has accelerated digital transformation across businesses with virtual interactions becoming the mainstay. “We saw an exponential growth in the last 18 months and we continue to grow incredibly well.”
The company is now looking to grow its leadership team across the globe, and invest in sales and marketing to expand to new geographies such as Europe, Africa, and Southeast Asia. This is in addition to the demand that the company is seeing from the US, India and Asia-Pacific (Apac).
CometChat’s offerings include chat application programming interfaces (APIs), software development kits (SDKs), and open-source UI (user interface) kits and widgets. It has more than 50,000 developers on its platform.
“I’m incredibly excited to partner with the CometChat team as they reimagine the way developers implement chat across websites and apps,” said McKay Dunn, partner at Signal Peak Ventures. “I was impressed by the founders’ extremely complementary skill sets and by the unique way they were pursuing a developer-first approach to chat.”
The funding will be used for growth along with platform enhancements, scaling platform infrastructure and tech upgradation, a senior company official said.
Last year, CometChat had raised $1.6 million in pre-series A round.
Founded in 2010 by siblings Anuj and Anant Garg, CometChat provides enterprises with a plug-and-play text, chat, video and voice communications options to be integrated in their websites and apps.
The Denver and Mumbai-based company counts HeySummit, Swedbank, Endeavor, and the Times Group, which is also the publisher of ET, among its clients.
Anuj Garg, cofounder and CEO of CometChat, said the company is already providing one million concurrent connections for its users. “We plan to scale that to 10 million concurrent connections in the next 12 months.”
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He said the Covid-19 pandemic has accelerated digital transformation across businesses with virtual interactions becoming the mainstay. “We saw an exponential growth in the last 18 months and we continue to grow incredibly well.”
The company is now looking to grow its leadership team across the globe, and invest in sales and marketing to expand to new geographies such as Europe, Africa, and Southeast Asia. This is in addition to the demand that the company is seeing from the US, India and Asia-Pacific (Apac).
CometChat’s offerings include chat application programming interfaces (APIs), software development kits (SDKs), and open-source UI (user interface) kits and widgets. It has more than 50,000 developers on its platform.
“I’m incredibly excited to partner with the CometChat team as they reimagine the way developers implement chat across websites and apps,” said McKay Dunn, partner at Signal Peak Ventures. “I was impressed by the founders’ extremely complementary skill sets and by the unique way they were pursuing a developer-first approach to chat.”
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