Follow The Money: 10 Recent Tech VC Investments To Watch In October

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Thinking Phone Networks

HQ: Cambridge, Mass.

CEO: Steven Kokinos
New Funding: $16.5 million
Round: B
Backers: Advanced Technology Ventures, Bessemer Venture Partners, others

It's an exciting time for hosted communications services providers like Thinking Phone, which are getting great notices from the likes of Gartner and other researchers and have also become a hot area for both VC investment and for acquisition (see ShoreTel's pickup of M5 Networks earlier this year). Thinking Phone offers a multitenant cloud platform for serving fixed and mobile communications needs, and it can also integrate with custom and "off-the-shelf" third-party applications such as CRM and ERP. The company's nascent channel efforts are also growing fast, and it recently brought on telecom channel veteran Rob Shelby, known for his work as Masergy, Mcleod USA and Allegiance Telecom, as its regional vice president, channel sales.

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