SIPphone Announces $6 Million Venture Capital Investment

SIPphone Inc., developers of the popular VOIP software Gizmo Project have secured $6.0 million in funding to expand their SIP standard service to non-PC devices such as adapters, routers, WiFi handsets and dual mode mobile phones.

"The release of Gizmo Project has driven over 400,000 registered users to our PC-based service, but our goals go beyond free calls between PCs," says SIPphone CEO, Michael Robertson. "We want to seamlessly link the internet and the traditional calling world of landlines and mobile phones and that's becoming possible as low cost SIP-based devices such as dual-mode mobile phones and WiFi phones become a reality."

SIPphone will use the investment to expand their VOIP platform to portable devices that do not require PCs to make or receive calls and promote adoption of the open standard auto-provisioning system plug-n-dial. (see: www.plugndial.com) The San Diego-based headquarters is expected to triple in size over the next year with hiring primarily in business development and engineering.

The financing round was lead by New York based venture firm Dawntreader Ventures and is the first external funding for SIPphone. Joining the board of SIPphone is Dawntreader managing director Edward G. Sim. Private investors from Michael Robertson's previous digital music startup MP3.com Inc. also participated in the funding.

Posted on Feb 16, 2006  Reviews | Share |  Digg
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