Tuesday, January 15, 2008

Kadoink, a web telephony service for social media has closed $7 million in financing

What Company Is Offering:
Kadoink is a powerful web-telephony platform that seamlessly integrates SMS, IM and voice into a single hosted system compatible with any carrier or handset. Through its patented technology, Kadoink provides a suite of communication applications and services such as phonecasting, audioblogging, microblogging, instant and large scale group communication (calling & texting) as well as mobile advertising (SMS and audio interstitials).

How It Works;
Kadoink offers API’s that allow social application developers to integrate advanced mobile telephony and messaging capabilities into their offerings. Kadoink un-tethers users from their computers and instantly expands their current mobile phone capabilities, giving them a fun, always-present, easy-to-use tool to anonymously connect with an expansive network of family, friends and online communities without ever having to disclose their actual phone numbers.

How Much They Got From Vcs:

Kadoink, a web telephony service for social media that enables enhanced group communication and mass distribution of SMS, live and recorded voice messaging and audio file streams over the voice channel, has closed $7 million in financing with Sutter Hill Ventures.

More at:www.kadoink.com

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