$3 Million in Venture Funding
On September 6, 2016, Callstat’s ,announced it has raised a $3 million Series A round, led by True Ventures, that will allow it to continue to develop its product. This round brings Callstats.io’s total funding to $3.5 million. True Venture partner Om Malik will join Callstats.io’s board. “WebRTC has the potential to revolutionize communications and the web by being so frictionless,the sophisticated monitoring and diagnostics such as those developed by Callstats.io are only going to improve and enhance the opportunities brought forward by this new approach to communications.”Malik said. Looking ahead, the Callstats.io team plans to focus on its diagnostics services. “We always say our product is about detecting issues and deploying fixes,” Singh said. “Today we can fix problems with about 20 to 30 percent of the calls. We believe that with more technical investment we can fix 50 percent of the issues.”
You can find more information on Callstats.io’s funding on TechCrunch.