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StarLeaf takes $40M to keep growing its videoconferencing as a service business

StarLeaf takes $40M to keep growing its videoconferencing as a service business
From TechCrunch - May 9, 2017

UK teleconference company StarLeaf, which sells cloud-based video and conferencing services to businesses, has taken on its first external capital close to a decadeafter first being founded, back in 2008. The $40 million round is co-led by Highland Europe and Grafton Capital.

StarLeaf, which was founded by three telecoms and video conferencing entrepreneurs who together previously founded and sold three other networking companies (Madge Networks, Calista and Codian), started selling cloud services to customers in 2013and saysusage of its platform is now doubling year over year.

Its sales pitch is interoperability with every third-party meeting/conferencing technology, atop afully owned and operated global video comms network, called the StarLeaf OpenCloud platform. It says this network has full redundancy and duplication across its eight points of presence across North America, Europe, Asia and Australasia;industry standard AES-128 encryption covering all video conferences and calls; exceptional quality of service and call quality regardless of network, via use of technologies such as resilient codecs and dynamic bandwidth management; a single dashboard-based management portal for granularly controlling deployments; anda focus on offering user-friendly, richend-point features such as screen sharing; the ability to transfer video calls to other users; the ability to add more participants to a one-to-one video call; a centrally managed address book andso on.

With the pitch on the functionality frontof its platformbeing its offering cloud-basedcapabilitiesthat mightotherwise only be available to businessesinvesting hundreds of thousands of dollars in expensive on-premise video infrastructure.

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