Alianza Raises $61 Million to Advance New Era of Cloud Communications for Service Providers
PLEASANT GROVE, Utah, Oct. 31, 2023 /PRNewswire/ -- Alianza, Inc., the leading cloud communications platform for service providers, today announced it raised $61 million in new growth equity and debt financing. The latest round reflects a 70% increase in valuation for the company since March 2021. The equity round is supported by a syndicate of undisclosed institutional investors, as well as strategic partners. The debt financing was provided by Texas Capital Bank.
- The equity round is supported by a syndicate of undisclosed institutional investors, as well as strategic partners.
- Accelerate delivery of its previously announced commitment to invest $200 million in research and development to empower cloud communications innovation for service providers.
- The cloudification of core communications networks is foundational for service providers to offer innovative retail solutions, as well as a prerequisite to leverage the future benefits of generative AI.
- They need to transform from telcos to tech-cos. Alianza is well positioned to help service providers as they navigate this transition."