SIPphone Announces $6.0 Million Venture Capital Investment; Funding To Expand Popular PC Based VOIP Service To WiFi And Mobile Phones.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- SIPphone Inc, developers of the popular VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a software Gizmo Project Gizmo Project is the name of a peer-to-peer VoIP network and of a proprietary freeware soft phone for that network. Gizmo Project was founded by Michael Robertson.[1] have secured $6.0 million in funding to expand their SIP standard service to non-PC devices such as adapters, routers, WiFi handsets and dual mode mobile Dual mode handsets are compatible with both GSM and CDMA networks and are essentially 2 phones in one device. This is different from dual SIM or dual band features.
"The release of Gizmo Project has driven over 400,000 registered users to our PC-based service, but our goals go beyond free calls between PCs," says SIPphone CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Michael Robertson. "We want to seamlessly link the internet and the traditional calling world of landlines and mobile phones and that's becoming possible as low cost SIP-based devices such as dual-mode mobile phones and WiFi phones become a reality." SIPphone will use the investment to expand their VOIP platform to portable devices that do not require PCs to make or receive calls and promote adoption of the open standard auto-provisioning system plug-n-dial. (see: www.plugndial.com) The San Diego-based headquarters is expected to triple in size over the next year with hiring primarily in business development and engineering. The financing round was lead by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based venture firm Dawntreader Ventures and is the first external funding for SIPphone. Joining the board of SIPphone is Dawntreader managing director Edward G. Sim. Private investors from Michael Robertson's previous digital music startup MP3.com Inc. also participated in the funding. About Dawntreader Ventures Dawntreader Ventures (www.dtventures.com) is a New York-based venture capital firm focused on building market leading technology enterprises in partnership with entrepreneurs and management teams. Founded in 1998, Dawntreader manages approximately $300 million and invests in innovative software, Internet, and digital media companies. Representative portfolio companies include GoToMy PC (sold to Citrix), LivePerson (Nasdaq:LPSN LPSN Local Support Partner News ), Visible World, Xora, Answers.com (Nasdaq:ANSW answ Answer ANSW Answers Corporation (stock symbol) ANSW Athletics New South Wales (Australia) ANSW Animated Sword (gaming) ANSW Ancient Semi Natural Woodland ), and Deepnines. About SIPphone Inc. SIPphone is a San Diego based voice over IP (VOIP) that provides a free dial tone service for any SIP based software or hardware device complete with customizable voicemail. They provide free VOIP Gizmo Project software at http://gizmoproject.com for Macintosh, Microsoft Windows and Linux computers which enable high quality free calling and IM worldwide using any internet connected computer. SIPphone is a founding member of IM Federation (IMfederation.com) promoting interconnects with all networks and currently connects with Google's Google Talk and more than a hundred other networks. |
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