TeleSym, a start-up based in Bellevue, Washington, raised $12.5 million in second round funding for its Wi-Fi phone software. The TeleSym software enables voice calling from mobile computers or PDAs on wireless networks. The company's SymPhone System adds cordless phone capability to every computer on a Wi-Fi network. The funding round was led by the Intel Communications Fund and Siemens Venture Capital, and includes new investor Thomas Weisel Venture Partners. Original investors Bay Partners and Northwest Venture Associates also participated.
The company claims that when calling between SymPhones across the open Internet and Wi-Fi (802.11) LANs, the fidelity is "near-CD-quality," with no perceived latency (delay).
http://www.telesym.com
- TeleSym is headed by Raju Gulabani, who previously served as a Product Unit Manager at Microsoft.
