CometChat Raises $10 Million In Series A

The funds will be utilized for global expansion and investment in employee growth, among others

learn more about Shrabona Ghosh

By Shrabona Ghosh

CometChat

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

CometChat, a communications platform-as-a-service (CpaaS) company, has raised $10 million in Series A round. The funding was led by Signal Peak Ventures, Matchstick Ventures, Range Ventures and Unbound VC, among others.

The company plans to utilize the funds for expanding its global market, investing in employee growth, accelerating go-to-market-strategies and scaling platform infrastructure, said a statement.

"We are thrilled to add SPV as an investor and partner as we plan to scale our platform. We are also looking to expand our customer base. Attaining this milestone is possible only because of our incredible team. We look forward to further investing in our customers' success," said Anuj Garg, co-founder and CEO of CometChat.

"I'm incredibly excited to partner with the CometChat team as they reimagine the way developers implement chat across websites and apps. When I first met the founders I immediately knew that they were people I wanted to work with. I was impressed by their extremely complementary skill sets and by the unique way they were pursuing a developer-first approach to chat. They have been able to build out a world class team and I couldn't be happier to be a part of the CometChat journey," said McKay Dunn, partner at Signal Peak Ventures, in the statement.

Founded in 2010, with over 50,000 developers worldwide, the platform provides easy-to-use text chat, voice and video functionality for websites and apps across all industries. It provides a scalable, secure and easy to use communication platform that delivers meaningful user-to-user engagement for a growing customer base via a robust offering of Chat APIs, SDKs, and Open Sourced UI kits and widgets, added the statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Related Topics

Technology

Five Important Trends in Big Data Analytics

Over the last few years, with the rapid growth of data, pipeline, AI/ML, and analytics, DataOps has become a noteworthy piece of day-to-day business

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Finance

Manasi Shah: The Intuitive Investor

Having joined Accel in 2019, Shah is currently a vice-president at the venture capital firm and focuses on early-stage investments across fintech, consumer and SaaS

Career

60 Second Business Tips: 3 Ways to Boost Confidence

Business development consultant Terry Rice on silencing self-doubt.

Growing a Business

How to Build a Reputation That Will Become a Real Asset for You

Here are a few tips on building a personal brand and reputation that sets you and your business up for success.