Alianza, a Pleasant Grove, UT-based cloud communications platform for service providers, raised $61m in equity and debt financing.
The equity round was supported by a syndicate of undisclosed institutional investors, as well as strategic partners. The debt financing was provided by Texas Capital Bank.
The company intends to use the funds to:
- Expand its sales team to further penetrate current market opportunities.
- Accelerate delivery of its previously announced commitment to invest $200m in research and development to empower cloud communications innovation for service providers.
Led by Brian Beutler, founder and CEO, Alianza is a communications cloud for service providers. With Alianza, service providers can upgrade to a cloud-native solution to power both legacy voice and next-gen cloud communications services — including cloud meetings, collaboration, and text messaging.
FinSMEs
31/10/2023