Message Received: RingCentral CEO Likes Cloud Computing Phone Systems

VC-backed RingCentral was started on a shoestring, with institutional investors arriving relatively late in the game, according to founder and CEO Vlad Shmunis. The Russian-born Shmunis previously founded RingZero Systems in 1992 to sell desktop telecommunications software. RingZero then shipped 25 million units worldwide before it was acquired by Motorola in 1998. A year later, Shmunis spun out part of the business to form RingCentral and has since raised about $24 million in VC funding from Sequoia Capital, DAG Ventures and Khosla Ventures.

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