XCastLabs, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
XCastLabs, Inc. - overview
Established
2001
Location
Los Angeles, CA, US
Primary Industry
Telecoms
About
XCastLabs, Inc. provides innovative communication solutions designed for enterprises and small businesses, focusing on cloud-based services and unified communications. Founded in 2001 in Los Angeles, US, XCastLabs, Inc. specializes in advanced communication solutions.
The company has successfully raised USD 2. 700 mn in its Series A funding round, with investments from Frontera Group and Wavemaker Partners. The founders, Kei Kwon, Patricia Mathis, and Vladimir Smelyansky, laid a strong foundation for the company, which is currently led by CEO Takigawa Jinken. XCast, part of ClearlyIP, offers advanced communication solutions tailored for small to large enterprises.
Key products include the XCast Hosted PBX, a cloud-based phone system that facilitates unified communications and remote accessibility, and the XCast SIP Trunking service, which integrates seamlessly with existing PBX systems. The company also provides Cloud Contact Center Solutions that feature intelligent call routing and real-time analytics, supporting sectors like telecom carriers, call centers, small office/home office (SOHO) environments, and hospitality, primarily in North America and select international markets. XCast generates revenue through a subscription-based model with flexible pricing plans for services such as XCast Hosted PBX and SIP Trunking, which operate on monthly subscriptions based on user numbers and selected features. Revenue is further enhanced through partnerships with telecom carriers and call centers, allowing these partners to resell XCast's offerings along with additional services like E-911 coverage and customer support.
XCastLabs, Inc. intends to leverage its recent funding to explore opportunities for new product launches and geographical expansion. The company is focusing on developing additional communication solutions slated for release in the upcoming year. Furthermore, XCast aims to penetrate new markets, particularly targeting regions beyond North America, by the end of 2024.
The involvement of Wavemaker Partners in the recent funding indicates a strategic interest in expanding XCast's operational footprint.
Current Investors
Wavemaker Partners, Frontera Group
Primary Industry
Telecoms
Sub Industries
Connectivity Software, Telecoms Providers & Services
Website
www.xcastlabs.com
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.