Earlier this month, communication app for developers CometChat raised a series A funding round of US$10 million. US-based VC firm Signal Peak Ventures (SPV) led the oversubscribed round. Participating investors included Matchstick Ventures, Range Ventures, and Unbound VC.
With this latest round, the martech firm has raised a total of US$12.6 million from six investment rounds. According to a media statement, CometChat will use the funding to increase its go-to-market initiatives, improve its product, and ramp up hiring efforts. Dan Mitzner, SendGrid’s former VP of corporate marketing, has also joined CometChat as its new CMO.
“We are thrilled to add SPV as an investor and partner as we look to scale our platform and expand our growing customer base,” said Anuj Garg, CEO and co-founder at CometChat. “But more importantly, this wouldn’t be possible without our customers -- the developers, innovators, and builders who depend on CometChat every day to enhance user engagement.”
SPV partner Mckay Dunn added, “I’m incredibly excited to partner with the CometChat team as they reimagine the way developers implement chat across websites and apps. [...] I was impressed by their extremely complementary skillsets and by the unique way they were pursuing a developer-first approach to chat."
The Denver-based company was co-founded by siblings Anuj and Anant Garg back in 2009. They wanted to help businesses grow by building a connection with their users through reliable tech.
CometChat allows developers and product managers to deploy native text, voice, and video messaging features into any app. Users can quickly launch chat functions using CometChat’s drag-and-drop chat widgets. They can also build a fully customized chat experience using the company’s SDK and API tools.
Today, the martech firm claims to be serving more than 50,000 developers and product managers. Customers can start building chat functions for up to 25 monthly active users with its free version. Beyond that, CometChat’s premium plan -- which starts from US$149 per month -- offers more usage quota and advanced features like voice transcription and sentiment analysis.
Developers and product managers have ample choices for in-app messaging tools. Besides CometChat, they can check out alternatives such as unicorn Messagebird and publicly-listed Twilio. The two competitors offer integrations with third-party chat apps like WhatsApp and Facebook Messenger.
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