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Rohde & Schwarz and Voipfuture Launch AVQA to Address New Requirements in the ATM Market

Google News - VoIP - 2020, June 30 - 9:00pm
... strongly benefited from the experience Voipfuture gained in over 10 years of Voice over IP (VoIP) monitoring in the telecommunications industry.
Categories: VoIP News

Capital raises $9M for its AI-based ‘capital as a service’ funding platform for startups

Startup News - 2020, June 30 - 8:37pm

In 2019, in the US alone, more than 10,000 startups raised more than $133 billion in venture funding, with a large proportion of that equity investments. Today, a company building a platform to help startups consider alternative routes to financing — specifically less dilutive options that give up less or no equity in the process — is announcing a round of funding of its own to ramp up its activity.

Capital, which has built an AI-based platform called the “Capital Machine” that ingests details about your company to provide tips on how to optimise it and — if you make at least $5 million in annual recurring revenue — to provide offers of financing (typically between $5 million and $50 million, at a 5-15% interest rate, and typically within a day of asking for it), has raised a further $9 million, a “Seed 2” that it will use to continue expanding the Capital Machine’s functionality.

The funding is coming from an interesting group of investors. It’s being led by AME Cloud Ventures (the investment firm led by Jerry Yang, who once founded Yahoo), with participation also from Future Ventures (Steve Jurvetson’s fund), Greycroft, Wavemaker Partners, Partech, and angels including Howard Morgan (of Rentech and First Round Capital) and Stuart Roden (former Chairman of Lansdowne Partners).

Many of these are repeat backers: this second seed round comes about 8 months after Capital launched with its first seed funding of $5 million.

When Capital launched last October, it also announced $100 million on its balance sheet to distribute as loans: it hasn’t disclosed how much of that is now dispersed but Blair Silverberg, the CEO who co-founded Capital with Csaba Konkoly and Chris Olivares, said the company has mostly been “heads down building the Capital Machine” in the last 8 months. It also says that its users have aggregate annual sales of $3 billion between them, so there are definitely customers onboarded.

Silverberg also hinted that in the coming months, it’s due to announce more news on financing sources as it continues to scale, which sounds like it is gearing up to announce strategic partners, perhaps other funds or banks, who will be adding to that investing pool as well.

Before founding Capital, Silverberg worked closely with Steve Jurvetson as an investor at DFJ (which last year rebranded as Threshold Ventures), and in that capacity got a lot of experience with the equity-based investment model.

That wasn’t an entirely happy picture, though: Silveberg could see that for every company that got funded there were so many more that couldn’t be considered, either because of sheer volume, or because of investment theses that VCs are using, or some kind of “investment bias” as Silverberg described it.

On top of that, even when money was there for the taking, founders were giving up equity to take it, in some cases so much after several years and several rounds of funding that one had to question if that was always the best route to take.

And finally, while there have always been alternatives to equity funding, many don’t seem to have the right routes to access them because they are too small. Venture debt has largely been handled by big banks and other institutional firms, and thus has largely been used by the larger startups that these bigger firms consider.

His idea was to use the advances of AI, software-as-a-service and the surge of interest (and, I would add, trust) in fintech and running financial services online to build something that could give founders and CFOs of smaller startups an alternative to consider, which took into account the fact that done right it could be a win-win for financiers and those getting funded.

“A tech company does not instantly mean a risky company these days,” said Silverberg. “It’s fascinating to us that tech companies have not had the tools to slice and dice their financing financing options. But the cost of capital can be the key advantage for a company.”

The aim initially has been to target tech companies, as these are the most typical recipients of equity investments from VCs, but Silverberg said that the picture is bigger than that.

“The Capital Machine is very generalised,” he said about the analytics capabilities of the platform, and thus its customer targets. “We can look at merchant shipping fleets or an insurance agency or a SaaS company or a media property. We can look at and understand any business. But we have found that there is the biggest cultural misunderstanding among those that started life with venture backing.”

He said that thousands have tapped the Machine for insights, which are free to get (indeed the data is helpful for the Capital Machine regardless as it continues to learn more about businesses each time it gets used). But in practice, the pool of those taking loans is smaller and typically splits 50/50 between those that are taking Capital debt to meet all of their funding requirements, and those that are taking it in combination with other kinds of financing, including equity funding.

It’s an interesting idea to bring in punters by offering free insights into how your startup is doing as a business, although it also raises some questions. How does Capital ensure the system is not biased towards favouring too many investments, since funding after all is how it makes money the business, even of those companies that might not have great prospects as they grow. And how does it account for the other kind of health typically talked about at companies, around the culture and how well it’s being led? As we have seen before, sometimes a company can optimise for growth, but other problems like toxic work culture, regulatory issues or other conditions are their downfall.

Given that it’s still early days for Capital, it’s still too early to tell how these questions and possible issues might play themselves out. Silverberg notes that it’s “selective” in where it ultimately allocates capital, so the implication is that its leaps are calculated.

Meanwhile, it is somewhat ironic that Jurvetson — who eschewed making deals for internet and enterprise companies while at DFJ — would now be backing a SaaS company essentially offering a B2B service.

“Since the 1990s I have avoided most of the categories of traditional investment, such as internet and enterprise software,” he admitted in an interview. “Oh, yet another B2B retailer or exchange. There are just too many clones, so I shifted to nanotechnology and other areas and delegated those to my partners.”

But notwithstanding that he knows and seems to really like Silverberg — “We know each other and there is a high degree of trust there,” he said. “It’s a deep business relationship.” — he also through his years of investing also saw the disparities of the model, and decided it was time to back an alternative.

“I was trying to put my finger on what it is that so empowering of bringing frictionless capital to companies that don’t show up on my radar screen,” he said. “Currently venture capital dollars flow into a small small amount of companies that are sucking up too much capital, and on the investor side, you are basing the decision too much on an excel spreadsheet. It’s the worst strategy.”

The idea of applying a new and clever piece of software to fix that is just a good business idea, he added, which has a lot of potential also to extend to offering a range of other financial services to startups. “The more software-centric [the solution] is, the more the headroom you have. It’s enormous and then it’s just, can they execute?”

That may have been the question to ask about startups getting funded in general, but it’s also the big question for Capital, which is not the only one that has identified the opportunity to sit alongside VCs as an alternative for startup funding. Others that have also raised money to build their own non-dilutive financing platforms include Clearbanc, which recently tweaked its model specifically to help startups struggling in Covid-19 times with their runway; Lighter Capital; Wayflyer aimed at e-commerce companies; and many more.

Categories: Business News

COVID-19 Impact on Global <b>VoIP</b> Services Industry 2020: Market Trends, Size, Share, SWOT ...

Google News - VoIP - 2020, June 30 - 8:37pm
The VoIP Services Market report provides a basic overview of the industry including definitions, classifications, applications and industry chain ...
Categories: VoIP News

Reopening the economy and being remote ready

Google News - VoIP - 2020, June 30 - 8:15pm
VoIP is a key component in allowing users the ability to do so much more with calls in phone systems such as our IP Telecom Hosted Phone. Fully cloud- ...
Categories: VoIP News

Willa secures $3M from EQT Ventures to let freelancers get paid immediately

Startup News - 2020, June 30 - 8:00pm

Willa, the Sweden and U.S.-based fintech that wants to help freelancers request payment and get paid immediately for a fee, has raised $3 million in funding. The company’s founders are former early members of Spotify’s growth team and also created influencer marketing platform Relatable.

Leading the seed round is EQT Ventures. Also participating is ex-Atomico partner Mattias Ljungman’s Moonfire Ventures, Nordic Makers, Michael Hansen and Johan Lorenzen. Willa says the injection of cash will enable it to launch “Willa Pay,” an app that promises to remove the paperwork required when billing corporations for freelance work and comes with a payment process that claims to make it easier to collect payments.

One you’ve completed a job, you use the Willa Pay app to enter the details of the work, how much you are supposed to get paid, and who you did the job for. Willa Pay then contacts the corporation and issues the paperwork.

If you wish to get paid earlier than a corporation’s standard terms, which is often anything from 30-90 days, for a small fee Willa will pay you directly. The idea is that freelancers gain more predictable income, and can pay their bills on time and protect their credit score.

“The payment process between freelancers and corporations is completely broken,” says co-founder and CEO Kristofer Sommestad. “It’s built for the old world, by people of the old world. Both freelancers and corporations are suffering a lot from this. At least half of freelancers experience problems getting paid, while a third of payments are late. The result? Credit scores decline”.

Sommestad says Willa Pay solves this problem by “re-engineering” the payment process. “We’re creating it from scratch with the new freelance economy in mind. And we’re starting with freelancers’ biggest problem: getting paid, on time, every time. As a freelancer, using the Willa Pay app is a faster, simpler and better way of requesting payment for your work”.

To help with Willa Pay’s launch, Sommestad says the product’s first 10,000 users will be influencers, averaging a 100,000-plus following. “They are brilliant creators, the world’s best product marketeers and suffering as much as anyone from the payment problems,” he tells me. “This is, by the way, a brilliant distribution move from the Spotify growth playbook”.

Meanwhile, on the question of competitors, the Willa CEO says financial services are typically built by massive companies like PayPal and Intuit, along with many startups “building shiny tools or launching yet-another challenger bank”.

“But none of them are solving the core problem for freelancers… That’s what we do at Willa. We’re focusing on solving the biggest problem, for the people that suffer the most”.

Categories: Business News

VSPL Announces to Launch of New Service Called MEAN Stack Development

Google News - VoIP - 2020, June 30 - 6:45pm
The trusted VoIP Provider Vindaloo is now all set to cater to businesses with top-quality MEAN Stack development services. May 19, 2020, the leading ...
Categories: VoIP News

Voice over Internet Protocol (<b>VoIP</b>) Services Market Analysis And Demand With Forecast Overview ...

Google News - VoIP - 2020, June 30 - 6:45pm
The research report on Voice over Internet Protocol (VoIP) Services market, covering the COVID-19 impact, provides a comparative analysis of the ...
Categories: VoIP News

Berlin’s DeepSpin raises seed funding for its ‘portable, ultra-low-cost’ MRI system

Startup News - 2020, June 30 - 6:39pm

DeepSpin, a Berlin-based startup that is developing what it describes as a “next-generation, AI-powered MRI imaging machine”, has raised €600,000 in seed funding.

Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along with a number of unnamed angel investors. Including grants and earlier investment, it brings the total raised to €1 million pre-launch.

DeepSpin is a graduate of EF’s company builder programme, where its two founders — Clemens Tepel, a former McKinsey consultant, and Pedro Freire Silva, a PhD researcher from KIT — decided to partner in September 2019. Freire Silva drew on his research into small-scale, mass-manufacturable MRI systems and pitched the idea to his future co-founder.

“From the beginning I found the idea very intriguing and so we directly jumped into attempting to prove its feasibility,” says Tepel. “Within 4 weeks we were able to prove it in simulation, get industry-leading advisors on board and get first LOIs [letter of intent] from interested clinicians”.

Yet-to-launch and still in the development phase, DeepSpin aims to build a new type of MRI system at a “fraction of the cost, weight and size” of existing systems. To make this possible, the startup is has developed a new antenna technology combined with AI-controlled operation, which the startup is currently patenting.

“The problem we are solving is that MRI, the most advanced medical imaging method, is currently not easily accessible because it is incredibly expensive, requires specialised operators and needs specifically shielded rooms,” explains Tepel. “We are removing all of these constraints based on our proprietary technology, making MRI universally accessible for any patient, anywhere in the world”.

Adds Freire Silva: “Instead of combining highly expensive hardware with standard software, as it is done on conventional MRI scanners, we will be able to obtain the same clinical information by applying very sophisticated algorithms on simplified hardware, thereby reducing our system’s cost by orders of magnitude”.

Tepel tells me this approach has not been taken before because both key enablers — highly capable AI-algorithms and the specific antenna design – were only available very recently.

Having proven DeepSpin’s methods in simulation, the next step and the team’s current focus is to develop a first fully AI-driven prototype. “Based on that, we will develop an initial product version, aimed at pre-clinical applications, before going into medical certification, which then will allow us to sell our product for clinical use across a range of medical domains and to new geographies that can’t afford conventional systems,” says Tepel.

Categories: Business News

Internet Protocol Private Branch Exchange (IP PBX) for Healthcare Market 2020, Global Industry ...

Google News - VoIP - 2020, June 30 - 6:33pm
On the basis of types, the Internet Protocol Private Branch Exchange (IP PBX) for Healthcare market is primarily split into: SIP Phones VoIP Phones
Categories: VoIP News

iQSTEL&#39;s April and May 2020 Revenues Increased 93% and 190% Respectively Over 2019 ...

Google News - VoIP - 2020, June 30 - 6:22pm
... product lines is more than 60% from our SMS business, over 35% from our VoIP services and the remainder from our other products and services.
Categories: VoIP News

<b>VoIP</b> Phone Market 2020 Business Insights and Global Outlook – Cisco, Huawei, Alcatel-Lucent ...

Google News - VoIP - 2020, June 30 - 5:37pm
The Global VoIP Phone Market Research Report 2020-2026 is a valuable source of insightful data for business strategists. It provides the industry ...
Categories: VoIP News

Global <b>VoIP</b> Providers Market Projected to Reach USD XX.XX billion by 2025- Nextiva ...

Google News - VoIP - 2020, June 30 - 4:18pm
The report on VoIP Providers, gives an in-depth analysis of VoIP Providers market based on aspects that are very important for the market study. Factors ...
Categories: VoIP News

Exclusive Buzz on Enterprise Session Border Controller Market 2020 Industry Growth Insights and ...

Google News - VoIP - 2020, June 30 - 3:56pm
... Border Controller (SBC) is a network function which secures voice over IP (VoIP) infrastructures while providing interworking between incompatible ...
Categories: VoIP News

Impact of COVID-19 Outbreak on Global Business <b>VoIP</b> Services Market 2020 Industry Size ...

Google News - VoIP - 2020, June 30 - 3:45pm
The Global Business VoIP Services analysis is also provided for the international markets including market opportunities, investment plans, historical ...
Categories: VoIP News

<b>VoIP</b> Market Share, Size 2020| Emerging Rapidly with Global Latest Trends, Growth, Revenue ...

Google News - VoIP - 2020, June 30 - 3:11pm
The Global VoIP Market report gives all the essential information about the market and the aspects related to it in detail. There are different marketing ...
Categories: VoIP News

MaxoTel Partners With Grandstream to Expand Their <b>VoIP</b> Solution in the Australian Market

Google News - VoIP - 2020, June 30 - 1:30pm
The newest GRP range of Grandstream VoIP Handsets significantly reduces the total cost of ownership, giving customers the ease of use and ...
Categories: VoIP News

Global <b>VoIP</b> Services Market is accounted for xx USD million in 2019 and is expected to reach xx ...

Google News - VoIP - 2020, June 30 - 1:30pm
VoIP Services report studies the current state of the market to analyze the future opportunities and risks. This study covers following key players: Cisco
Categories: VoIP News

Global <b>VoIP</b> Equipment Market Research Report 2020 Obervational Studies with Top ...

Google News - VoIP - 2020, June 30 - 1:26pm
Innovate Insights unravels its new study titled “Global VoIP Equipment Market – Growth, Trends, and Forecast (2017-2023)”. Effective exploratory ...
Categories: VoIP News

<b>VoIP</b> Market: 3 Bold Projections for 2020 | Emerging Players Obihai, Cisco, Polycom, G-Cord

Google News - VoIP - 2020, June 30 - 1:07pm
This Global VoIP market report brings data for the estimated year 2020 and forecasted till 2026 in terms of both, value (US$ MN) and volume (MT). The ...
Categories: VoIP News

Global <b>VoIP</b> Softphones Market 2020 Trending Research Report| Nextiva, RingCentral, Jive ...

Google News - VoIP - 2020, June 30 - 12:56pm
The report presents a forecast of the various segments and sub-segments by categorizing the global VoIP Softphones market by top players/brands, ...
Categories: VoIP News


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