US-based secure telecommunications technology developer SignalWire has completed a $11.5m series A round backed by Samsung Next, the early-stage investment fund owned by consumer electronics producer Samsung.
Venture capital firm Storm Ventures led the round and was joined by peer Sequoia Capital’s Sequoia Scouts scheme, AME Cloud Ventures and angel investors Erik Yang, Dean Drako and Ron Neuenberger.
Founded in 2017, SignalWire has created a technology platform that can be reprogrammed by enterprise clients to facilitate secure communications through media including telephone calls, internet voice calls and text messages.
The series A cash will allow the company to accelerate the development of a newly-launched product called SignalWire Cloud that provides a more intuitive user experience for its clients. It had previously raised $300,000 in financing in April 2018 according to a regulatory filing.