RingCentral, Inc.
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RingCentral, Inc. - overview
Established
1999
Location
-, CA, US
Primary Industry
Software
About
Based in the US, RingCentral, Inc. delivers advanced cloud communication solutions, enhancing business connectivity through AI-driven technologies, including voice, chat, and video collaboration tools. RingCentral, Inc. was founded in 1999 in Belmont, US, by Vlad Vendrow and Vlad Shmunis (CEO).
The company specializes in cloud communications and has undergone strategic pivots to focus on AI-powered services. The firm went public in September 2013, raising USD 97. 5 mn through its IPO, selling 7. 5 million shares at USD 13 per share.
Current CEO Vlad Shmunis continues to lead the company in its growth initiatives. RingCentral specializes in providing a comprehensive suite of AI-powered cloud communications solutions designed to enhance business communication and collaboration. Their core offerings include AI Business Communications, featuring AI-powered calling, messaging, and meetings, along with a robust business phone system under the RingEX brand. The company also offers AI Receptionist for 24/7 customer support, enabling efficient routing of calls and inquiries.
Additionally, RingCentral’s omnichannel contact center solutions through RingCX help organizations manage customer interactions across various channels, including voice, chat, and SMS. These products target enterprises and small businesses across multiple sectors such as financial services, healthcare, and education, with a global reach that extends to the US, Canada, Europe, and Asia. In the most recent year, RingCentral reported revenues of USD 2,400. 40 mn for 2024, with an EBITDA of USD 392.
10 mn for the same period. The company operates on a subscription-based revenue model, providing tailored pricing plans that accommodate varying business needs, ensuring sustained financial performance through long-term client agreements. RingCentral plans to enhance its product offerings by developing new AI-driven features and expanding its cloud communication solutions. The company aims to enter new markets in Europe and Asia by 2025, leveraging its established infrastructure.
The funds raised in its IPO will support these initiatives, facilitating product innovation and broader market penetration.
Current Investors
RTP Global, Fusion Global Capital, Sequoia
Primary Industry
Software
Sub Industries
Social Networking & Communication Platform, Customer Relationship Management, Connectivity Software, Conferencing Software, Telecoms Providers & Services
Website
www.ringcentral.com
Verticals
Artificial Intelligence, Cloud Computing, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
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