Peerless Network
Latest round
- Series C
Last raised
- Jun 2010
Total raised
- $4M
Investors
- 2
About Peerless Network
Peerless Network, Inc.Founded in 2008 and headquartered in Chicago, US, Peerless Network, Inc. specializes in voice communication solutions. The firm was acquired by Infobip Limited in November 2021 for USD 200 mn. John Barnicle serves as the CEO, steering the company towards innovation in telecommunications.Peerless Network offers a comprehensive suite of telecommunications solutions designed to enhance voice communication and collaboration for businesses globally. Their core product offerings include SD-WAN (SASE), Cloud PBX, SIP Trunking, and Toll-Free services, all engineered to provide seamless and secure connectivity for teams and customers. These solutions improve operational efficiency, enable remote work capabilities, and ensure reliable communication across diverse environments.S.Peerless Network generates revenue primarily through subscription-based services, offering flexible pricing plans tailored to their clients' needs. Their business model includes direct partnerships with enterprises and service providers, facilitating B2B transactions that leverage their advanced telecommunications infrastructure. Clients subscribe to their Cloud PBX service for centralized voice management, while SIP Trunking services provide cost-effective connectivity.The recent acquisition by Infobip Limited in November 2021 aims to expand its presence in the US Voice-over-IP sector, enhancing its offerings for Peerless Network's customers. Future growth plans include integrating Infobip's suite of CPaaS offerings into Peerless's service portfolio to enhance user experience and expand market reach. With the backing of USD 200 mn from the acquisition, the company plans to innovate further in its telecommunications services and seek new market opportunities to enhance its offerings.
Who invested in Peerless Network
2 investors across 1 round
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Funding rounds
Series C
Jun 28, 2010
Amount
$4M
Investors
Questions about Peerless Network
Who invested in Peerless Network?
Peerless Network has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Peerless Network raised?
Peerless Network has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Peerless Network last raise money?
Peerless Network's most recent round on record is a Series C, in Jun 2010.
What does Peerless Network do?
Peerless Network is a telecoms company.
Where is Peerless Network headquartered?
Peerless Network is headquartered in Chicago, US.
Which VCs invest in companies like Peerless Network?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back telecoms companies at Peerless Network's stage. Their profiles are linked below.
VCs backing telecoms startups at Series C
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