Cloud9 Technologies offers a cloud-based voice communication and analytics platform purpose-built for financial markets, connecting counterparties across all asset classes. The platform eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions and provides front-office-focused data and transcription. The company is led by CEO Jerry Starr. Cloud9 closed a $17.5M Series B funding round to support its growth. It intends to use the proceeds to expand operations and broaden its business reach. The business is positioned to serve trading and other financial workflows that require compliant, low-latency communications. Cloud9 Technologies offers a cloud-based trader voice communications platform that delivers real-time audio, trading metadata and transcription and provides immediate access to a pool of liquidity. Its platform interoperates with third-party systems and serves the voice trading community as a digital trading solution. The company is led by CEO Gerald Starr and was founded in 2014 in New York City. Cloud9 says JPMorgan has onboarded more than 2,000 internal traders and salespeople to use Cloud9 as its primary tool for voice communication. The company intends to use the $14m Series B proceeds to accelerate product development and the global roll-out of its platform. Barclays will also work with Cloud9 to accelerate adoption across the industry. Cloud9 Technologies is a NYC-based cloud communication provider serving financial firms and institutional traders. Led by CEO Gerald Starr, the company delivers cloud voice and collaboration services built on advanced WebRTC technologies with end-to-end security, encryption and compliance capabilities. Its software applications include voice analytics and workflow solutions and connect counterparties across all asset classes. Customers include more than 2,700 users in 29 countries, including top brokerages, sell-side firms and tier one banks. The company intends to use new funds to continue development of innovative products and services and to expand its service offering into new markets. Cloud9 closed a $30M funding round to support those plans. Cloud9 Technologies provides a cloud-based, real-time voice communications platform that replaces traditional telephone-based trading hardware (turrets) for the trading community. Launched in 2014 by CEO Jerry Starr and based in NYC, the solution is built on WebRTC and supported by Amazon Cloud Infrastructure. It adheres to the compliance and security standards required by financial professionals. The platform is used by more than 2,000 traders at 350 brokerages, sell-side firms, and tier-one banks across 21 countries. Cloud9 closed an initial investment round of undisclosed amount with backers including J.P. Morgan, ICAP and Barclays, who are also customers. The company said the funding will enable it to grow its business to meet industry demand.

Total raised

$62M

Funding rounds

4

Latest round

Series B

Latest activity

Jun 2020