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Telecom Equipment - Wednesday, February 7, 2007

Intel Invests In $7M Round For Open Source PBX Fonality

We can't wait to see the costs of PBXs come down. We have come across several start-ups working this territory Fonality, which sells a low cost office phone system based on open-source software, has raised $7M in new funding led by Intel Ventures. This brings the total raised to $12.5M.

Los Angeles-based Fonality is based on an open-source software platform called Asterisk, which was itself built on Linux.

The price ranges from $1K to $3K for a server and software, depending on the features and number of users the system needs to serve. Fonality says is it now has more than 1,600 businesses in 25 countries with 40,000 individual users. Fonality also says its revenue is growing 10 percent from month to month, but the Los Angeles-based company declined to provide specific dollar amounts.

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