Virtual Office Featured Article

Fuze Announces $150 Million in Funding and 5.0 Platform Launch

May 11, 2018
By Ken Briodagh - Editorial Director

Fuze, a cloud-based communications enterprise solution provider, today announced a recent financing round of $150 million. The investment will be used to accelerate product innovation, and drive global expansion to serve the growing enterprise market demand for cloud communications. The round was led by Boston-based Summit Partners, with participation from Bessemer Venture Partners and other existing investors––bringing Fuze’s total funding to $484.8M.

“We have great momentum right now in the enterprise market with the launch of Fuze Web and the new 5.0 platform, and have built an amazing team,” said Colin Doherty, CEO, Fuze. “This investment enables Fuze to grow and innovate even faster.”

Fuze has been aggressively investing in product innovation over the past year. The company today announced the new Fuze 5.0 platform, which helps businesses streamline communications and collaboration for their extended team ecosystems of independent contractors, vendors, partners, and customers. In March, Fuze announced it had joined forces with AppNeta to deliver a new Real-Time Network Monitoring service that gives Fuze customers real-time visibility into network performance and the ability to resolve issues before they affect the quality of communications. The company also introduced Fuze Web, enhancing the Fuze platform by enabling any user or guest participant to enjoy the same experience as Fuze Desktop without needing to install an app or browser extension.

“Our investment will help to accelerate continued growth and innovation of the Fuze platform and expansion of the company’s business operations globally,” said Bruce R. Evans, Fuze board member from Summit Partners. “We are confident Fuze is positioned to continue to lead the enterprise cloud communications market.”

Fuze posted a 44 percent increase in subscription revenue year-over-year and 500 percent year-over-year growth of daily active users on its Fuze Desktop collaboration platform.

Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

View All