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Talkdesk Dials Up Another Large Round, Hits $10B-Plus Valuation

San Francisco-based closed an “opportunistic� $230 million Series D, pushing the valuation of the cloud-based contact center company to more than $10 billion.

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The round came from new investors , and , as well as from existing investors , , , and . Founded in 2011, the company has now raised $498 million in total funding.

In addition to the new cash infusion, the company also named industry veteran as its first chief financial officer. Carey joins Talkdesk from , where she led the organization through an initial public offering.

, founder and chief executive officer, said the company was not looking to raise capital, and in fact still had a majority of the $143 million Series C it raised last July.

However, investors showed a strong interest in investing and reached out to Talkdesk, he said.

“There was just a lot of inbound interest,� said Paiva, adding the new round more than tripled Talkdesk’s Series C valuation. “This was an opportunistic round.�

Contact centers and the cloud

Paiva attributes some of the interest in Talkdesk to both the general movement of many enterprise segments — including human resources, customer relationship management and now contact centers — to the cloud, as well as the growing services contact centers must provide to encompass all forms of communication.

“The world has changed from an expectation perspective,� he said.

The contact centers space is large and includes other established companies such as , , and others. Nevertheless, Talkdesk’s technology and cloud-based platform help differentiate itself in the market, Paiva added. The company works with more than 1,800 customers, many of which are enterprises.

�There is still a lot of space for the company to grow and enhance its market share,� said , co-founder at TI Platform Management. “Despite the fact that the industry is heavily crowded, with over 100 competitors and at least 10 new startups launching every year, Talkdesk remains a dominant player and one of the go-to software for businesses.�

While the appointment of Carey will get people buzzing about an IPO for the 2,000-person company, Paiva would not commit to such an exit for the company.

“We are not stating we are going public,� he said with a laugh.

However, investors are bullish on the idea.

“We anticipate that the company will IPO and we are very bullish about Tiago and Talkdesk,� said Trang Nguyen, also a co-founder at TI Platform Management. “If you identify or early on, you want to hold this for a long-term. Just like Apple or , we would want to hold Talkdesk in the public market for (the) long-term when the company goes public.�

Illustration: .

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