The Jeff Pulver Blog: XConnect Raises $12 Million

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April 24, 2007

XConnect Raises $12 Million

Great to see that XConnect raised $12 million in a round that included: Accel Partners of England and Venrock Associates of the US, together with Grazia Equity of Germany and Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory).

In a prepared statement, Eli Katz said "Our federated peering services enable service providers and carriers to deliver compelling new VoIP services and features on a cross-network basis while simultaneously reducing the capital and operational costs inherent in the PSTN model that it is replacing. This investment from a syndicate led by global Tier 1 VCs underscores the importance of peering and registry services in enabling the industry-wide migration from the legacy PSTN to the new generation of IP Communications."

And I would have to agree.

Congrats to Eli Katz and his team!

Tags: XConnect, Eli Katz, VoIP, Israel, Jeff Pulver.

Posted by jeff on April 24, 2007 09:07 AM | Permalink

Additional resources: #140conf events | Watch the Jeff Pulver Show | Jeff's Qik Videos

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April 24, 2007

XConnect Raises $12 Million

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