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RingCentral

ringcentral.com

Founded Year

1991

Stage

PIPE | IPO

Total Raised

$44.9M

Market Cap

3.83B

Stock Price

42.28

About RingCentral

RingCentral (NYSE: RNG) provides cloud enterprise unified communications and collaboration solutions. RingCentral empowers today's mobile and distributed workforces to be connected anywhere and on any device through voice, video, team messaging, collaboration, SMS, conferencing, online meetings, contact center, and fax. RingCentral provides an open platform that integrates with today's leading business apps while giving customers the flexibility to customize their own workflows.

Headquarters Location

20 Davis Drive

Belmont, California, 94002,

United States

925-301-8209

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Research containing RingCentral

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CB Insights Intelligence Analysts have mentioned RingCentral in 1 CB Insights research brief, most recently on Mar 14, 2022.

Expert Collections containing RingCentral

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

RingCentral is included in 2 Expert Collections, including Conference Exhibitors.

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Conference Exhibitors

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Work From Home Startups

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RingCentral Patents

RingCentral has filed 312 patents.

The 3 most popular patent topics include:

  • Videotelephony
  • Network protocols
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/17/2020

1/31/2023

Videotelephony, Network protocols, Teleconferencing, Broadcast engineering, Container formats

Grant

Application Date

9/17/2020

Grant Date

1/31/2023

Title

Related Topics

Videotelephony, Network protocols, Teleconferencing, Broadcast engineering, Container formats

Status

Grant

Latest RingCentral News

Revenue, Hiring, and Customer Adoption Growth Accelerated in 2022: Aviso Outperforms Expectations to Complete Record-Setting Year

Feb 2, 2023

On Feb 2, 2023 Aviso AI , the only AI-guided Revenue Operating System recognized for its single pane of glass platform, announced it outperformed expectations with a record-setting fiscal year. In FY23, the company grew revenue year-over-year by 200%, employee hiring by 175%, and customer adoption by 400% with more companies choosing Aviso over underperforming legacy forecasting and conversational intelligence tools. This included New Relic, a Fortune 500 telecommunications leader, and the category leading workflows platform, as well as expansions at Armis, DataStax, Mural, and RingCentral, further demonstrating why more businesses are retiring other sales apps and moving to the Aviso platform. Aviso also added to its global leadership team with the appointment of Kevin Cheng as Senior VP of Marketing and Kasturi Das Talukdar as Global Head of Sales Development. Revenue Intelligence Platforms and Revenue Management Take Top Spots Despite technology and software companies facing unprecedented challenges, revenue management has become the top skill-set employers seek and the number one fastest rising job in 2023. Now more than ever, revenue leaders are asked to collaborate with other departments to proactively identify and fix revenue leakage, in the midst of ongoing economic pressure. At the same time, sellers and customer-facing teams need more coaching as they continue navigating an evolving deal climate. According to Gartner Research, only 39% of Chief Sales Officers are satisfied with their sales technology stack, with the top two cases for any new sales technology adoption or investment being CRM data entry and pipeline accuracy and visibility. Illustrating this trend, Aviso was recently recognized as a Representative Vendor in Gartner’s new Market Guide for Revenue Intelligence Platforms, January 2023. “It’s been one of the best decisions we made and one of the tools that all of us live in on a daily basis,” said Harry Ault, Chief Revenue Officer, DataStax. “It’s extremely influential in that real-time view of how we manage the business, how we update, how we judge it, how we triangulate around AI-based trends that Aviso brings with what we know and what other trends are. It’s an integral part of how we run the revenue side of our business.” “We look at Aviso as a real opportunity to not only inspect what’s going on from an execution standpoint but to help us drive that execution through proactive nudges, recordings, and AI to tell us what’s going on and help the salesperson get better,” said Carson Hofstetter, Chief Revenue Officer, RingCentral. “I’ve always appreciated that the Aviso team is earnest and transparent, very curious as to how we can improve adoption and most importantly – more predictability, better forecast accuracy, higher win rates, and better sales execution discipline. Those are the things I really appreciate about the partnership.” Consumption-based Forecasting at Scale In the face of these widespread challenges, category-leading companies have had to change their business models, pricing and product lines to optimize their GTM and rationalize spend. A recent OpenView Partners’ survey highlighted 39% of companies now charge based on usage. As part of its record-setting year, Aviso became the first revenue intelligence platform to deploy real-time consumption-based forecasting based on data in Snowflake, in addition to traditional opportunity-based data from Salesforce, Microsoft Dynamics, SAP, Oracle, Hubspot, Veeva, and other leading CRMs. With the ability to forecast within 2.5% accuracy across different programs and account cohorts, a large multi-billion-dollar Fortune 500 technology leader switched from a legacy forecasting vendor to manage its revenue operations on Aviso. “Revenue leaders today face pressures that impact hiring and retention, product development, operating capital, and other facets of the business they haven’t had to carry in the past,” said Trevor Templar, President and CEO, Aviso. “As a former CRO I understand when the data in CRM doesn’t line up with your intuition, and you need answers based on new factors like market conditions, team activity or proactive changes to GTM. I’m proud that Aviso is helping inquisitive and modern leaders test their intuitions with AI and find the answers needed to navigate and manage revenue.” A Single Platform to Retire Other Sales Apps CROs have spoken to the benefit of having a single platform as a strategic partner. A survey from Forrester Research of more than 210 executives and decision-makers found that revenue intelligent organizations were more likely to overperform on revenue, and far more likely to significantly overperform, compared to other organizations. By helping organizations orchestrate and measure all the potential signals with one integrated platform, enterprises can retire other apps and point solutions, avoiding data and integration challenges as well as costly services. Proving this out, Aviso received the highest score possible in key criteria, including innovation roadmap and commercial model and pricing transparency in the 2022 Forrester Wave report for Revenue Operations & Intelligence. “I’ve been a customer for 5 years at 2 companies, and its analytics are next level. I evaluated Clari and it’s not even close,” said Brad Stratton, former CRO, Venafi. “You can dive deep into analyzing customer touches and stalled deals and processes. Aviso is super responsive to enhancements and the team is always driving their product to the next level of insights.” The company exceeded its growth benchmarks in FY23, experienced record highs in hiring and customer adoption. The addition of senior leaders such as Kevin Cheng, Aviso’s new SVP of Marketing, and Kasturi Das Talukar, Global Head of Sales Development, will allow Aviso to scale its GTM efforts as it experiences new levels of customer adoption and demand. “We are delighted to welcome some of the best global SaaS GTM talent to drive Aviso’s next orbit shift in FY’ 24.” said Amit Pande, EVP of Strategy and CMO at Aviso. To help companies survive and thrive in the impending economic storm, Aviso is offering a free-of-cost pipeline blindspot assessment to help spot inefficiencies in your pipeline and highlight the trigger events that can cause pipeline fluctuations.

RingCentral Frequently Asked Questions (FAQ)

  • When was RingCentral founded?

    RingCentral was founded in 1991.

  • Where is RingCentral's headquarters?

    RingCentral's headquarters is located at 20 Davis Drive, Belmont.

  • What is RingCentral's latest funding round?

    RingCentral's latest funding round is PIPE.

  • How much did RingCentral raise?

    RingCentral raised a total of $44.9M.

  • Who are the investors of RingCentral?

    Investors of RingCentral include Searchlight Capital Partners, Sequoia Capital, Khosla Ventures, DAG Ventures, Cisco Investments and 6 more.

  • Who are RingCentral's competitors?

    Competitors of RingCentral include 3CLogic, Dialpad, JustCall, Nextiva, Talkdesk and 10 more.

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Dialpad

Dialpad provides communications for workplaces. The company provides cloud-based voice, messaging, video, and meetings designed to enable companies to connect everyone, be everywhere, and create anything. Dialpad is integrated with Microsoft Office 365, Google Apps for Work, Salesforce and more. Dialpad was founded in 2011 and is based in San Ramon, California.

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Aircall

Aircall is a cloud-based phone system that acts as a business phone and contact center in one. Aircall integrates with the most used CRMs and support tools to empower a team with relevant data. Aircall allows customers to make sales and manage customer relationships on its platform.

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3CLogic

3CLogic offers a cloud contact center platform for enterprise communications with their employees and customers. The platform provides advanced and scalable speech-enabled offerings for CRMs such as ServiceNow, Salesforce, and SugarCRM. The platform uses dynamic IVR, CTI, AI, advanced analytics, and API-driven integrations to drive digital transformation. The platform has applications in areas such as customer service, IT support, human resources, and sales and marketing. The company was founded in 2005 and is based in Rockville, Maryland.

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Genesys is a provider of customer service and contact center software and services, with a focus on customer experience. Genesys software directs interactions every day, from the contact center to the back office, helping companies deliver fast, simple service and a highly personalized, cross-channel customer experience. Genesys software also optimizes processes and the performance of customer-facing employees across the enterprise.

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