When I co-founded unifonic back in 2006, we had the dream of transforming business communications and how organizations engage their customers. As we grew to become one of the largest cloud communication companies in emerging markets, our team kept pushing the boundaries to ramp up operations on an international scale. In 2018, Unifonic raised a record-breaking Series A round and since then we have tripled in size and expanded our offerings further into new markets. Today, I am proud to announce that Unifonic took another step forward, raising another record-breaking investment round of $125M in Series B for a locally owned startup. We’re on a mission to transform technology and communication, and we hope to continue celebrating our success story together along the way.
Unifonic raises $125M in a record Series B investment round for a local tech startup in the Middle East, less than three years from the previous Series A record set at $21M in 2018. The latest investment is led by SoftBank Investment Advisers Vision Fund 2, marking its first direct investment in a Saudi-based company, and Sanabil Investments. This milestone was only achievable through the tenacity of our team, the trust of our clients, and the support of our partners. We look forward to delivering excellence and making a positive impact with every step along the way.
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