SinglePipe, a wholesale VoIP provider, announced it has closed $5.1 million in Series B funding from Chrysalis Ventures, Kentucky Science and Technology Corp. and Meritus Ventures. SinglePipe, which is based in Louisville, Ky., said it will use the funding to expand its customer base of cable companies and broadband providers.
SinglePipe separates itself from other wholesale VoIP operators by owning its own voice network. It expects to reach profitability this year.
"SinglePipe stands alone in the unique position to deploy and deliver customized and scalable Digital Voice solutions to cable and other broadband providers," said Matt Phillips, CEO of SinglePipe Communications. "Our services require minimal investment and create consistent streams of additional revenue for our customers, and at the same time, meet the complex demands of today's telecommunications marketplace."
For more:
- see the Venture Beat article here
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