Voice - Wednesday, February 28, 2007
Pre-launch Consumer Voice Play Ooma Secures $12M After Re-start
Pre-launch, pre-logo Ooma, which does seem to have offices in Sunnyvale has secured $12M of an $18M Series B round, says PE Hub. Return backers are Worldview Technology Partners and Draper Fisher Jurvetson. The company raised $7.8M in Series A funding back in 2005, which has us wondering what did they spend all that money on and not yet have a product or a logo?
The company plans to sell software for the consumer voice applications market. It appears that a switch in direction is at hand as the company lost its CEO - Michael Cerda - and head of engineering - Spero Koulouras - last year. Koulouras only says that "Ooma is a startup company with ambitions to change the nature of internet and PSTN communications." The company's founder Andrew Frame is a youngster who launched the startup in August 2004.
Team Ooma Gets Ready To Pitch VCs
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