Talkdesk Secures $230 Million at $10 Billion Valuation

<p class&equals;"text text--16"><b>SAN FRANCISCO  <&sol;b>–<a href&equals;"https&colon;&sol;&sol;www&period;talkdesk&period;com&sol;">Talkdesk<&sol;a>&comma; a developer of software for customer contact centers&comma; has closed a massive &dollar;230 million series D funding and values the company at more than &dollar;10 billion&period; The company also announced the appointment of <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;sydneycarey&sol;">Sydney Carey<&sol;a> as chief financial officer &lpar;CFO&rpar;&period;<&sol;p>&NewLine;<p class&equals;"text text--16">The funding came from new investors Whale Rock Capital Management&comma; TI Platform Management&comma; and Alpha Square Group&semi; as well as from existing investors Amity Ventures&comma; Franklin Templeton&comma; Top Tier Capital Partners&comma; Viking Global Investors&comma; and Willoughby Capital&period; In total&comma; Talkdesk has now raised &dollar;498 million in funding since inception&period;<&sol;p>&NewLine;<p class&equals;"text text--16">&OpenCurlyDoubleQuote;For many organizations&comma; the contact center is fast becoming a driver of tangible business results and an asset to the bottom line&comma;” said Tiago Paiva&comma; founder and chief executive officer&comma; Talkdesk&period; &OpenCurlyDoubleQuote;Since its founding&comma; Talkdesk has been challenging the status quo and shaking up the industry’s old world order to make this a reality&period; We’re grateful for the continued confidence in our strategy and more determined each day of our unique ability to help companies deliver memorable customer experiences&comma; one engagement at a time&period;”<&sol;p>&NewLine;<p class&equals;"text text--16">This new funding will fuel Talkdesk in its second decade of growth as the company remains focused on expanding its international presence&comma; leading with industry-first customer experience &lpar;CX&rpar; product innovations&comma; delivering white-glove customer service&comma; and creating a diverse&comma; equitable&comma; and inclusive workforce&period;<&sol;p>&NewLine;<p class&equals;"text text--16">&OpenCurlyDoubleQuote;I’ve followed the Talkdesk transformation over the years&comma; and to see the company grow from its start at a hackathon into its current valuation of more than &dollar;10 billion is impressive&comma;” said Zeus Kerravala&comma; founder and principal analyst&comma; ZK Research&period; &OpenCurlyDoubleQuote;I estimate that the CCaaS TAM will be around &dollar;50 billion in five years&comma; so if Talkdesk keeps executing on its growth plan&comma; the company has a great opportunity to capture a significant portion of market share&period;”<&sol;p>&NewLine;<p class&equals;"text text--16">Talkdesk has also hired SaaS-industry veteran Sydney Carey as CFO&period; Carey’s appointment also makes Talkdesk a rarity in the tech industry&comma; with half of the positions on its executive leadership team held by women&period; Carey joins Talkdesk from Sumo Logic&comma; where she successfully led the organization through an initial public offering&period; Her broad range of financial and operational experience includes executive and board member roles in accounting&comma; financial planning&comma; mergers and acquisitions&comma; investor relations&comma; treasury&comma; facilities&comma; compliance&comma; and IT&sol;business operations&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As the traditional contact center market transitions to a true cloud&comma; omni-channel platform&comma; we think a leader will emerge to capture a significant share of the market&period; The Talkdesk industry leading platform is well positioned to be that winner and we are excited to partner with the company for many years to come&comma;” said Andrew Frank&comma; partner&comma; Whale Rock Capital Management&period;<&sol;p>&NewLine;<p>Talkdesk now has over 2&comma;000 employees&period;<&sol;p>&NewLine;

Editor

AI Grocery Platform Afresh Raises $34 Million

SAN FRANCISCO -- Afresh, the AI platform for grocery, has raised $34 million in new…

22 hours

Meta to Build Custom AI Chips With Broadcom

Meta says it is expanding its partnership with Broadcom to co-develop multiple generations of next-generation…

22 hours

Lumentum to Build Advanced Laser Facility in NC

SAN JOSE -- Lumentum Holdings, a provider of optical and photonic solutions for cloud and…

6 days

Mind Robotics Rakes In $500 Million

PALO ALTO -- Mind Robotics has reeled in a $500 million Series A round, co-led…

6 days

Uber Investing $200 Million in Lucid Group

NEWARK — Lucid Group, maker of luxury electric vehicles, has received new investment of at…

7 days

Solidroad Raises Solid $25 Million

SAN FRANCISCO -- Solidroad, an AI platform that helps companies evaluate and improve every human and AI…

7 days