Carmel Tech Startup Secures $10M in Seed Funding
CARMEL - A software company in Carmel has closed on a $10 million round of seed funding. Edify Labs, which recently relocated its headquarters to California, says the round was led by San Francisco-based First Round Capital and is among the four largest software seed rounds in the U.S. this year.
Edify provides what it calls a Business Communications as a Service platform, which is used to help businesses manage customer engagement and cross-team collaboration. The company says the funding will be used to expand its market presence and continue building its sales, marketing, development and customer success teams.
"The hard truth no one has wanted to confront is that existing contact center technology lags astonishingly far behind the technology we all carry around in our pockets, and we decided that’s just not acceptable anymore," Camerson Weeks, co-founder and chief executive officer of Edify, said in a news release. "This investment underscores that Edify has developed an industry-altering platform and will enable us to continue to augment our team with the most forward-thinking leaders in machine learning, cloud computing, real-time communication, and customer experience to finally give employees and customers the technology they need and deserve."
Edify was founded in 2018 by Weeks and Bracken Fields, two Purdue University graduates who previously worked for Indianapolis-based Sharpen Technologies. The company launched its platform earlier this year and later moved its HQ to Santa Monica, California.
However, a spokesperson for Edify tells Inside INdiana Business the company has plans to grow its presence in central Indiana. Edify plans to make jobs announcements in the "near future," according to the spokesperson, along with news of a new lease to support the growth.
The funding round also included investments from Anorak Ventures, Pathbreaker Ventures, Bling Capital and Liquid 2 Ventures, all of which are also based in San Francisco, as well as Morado Venture Partners, Los Angeles-based Bonfire Ventures, and SeaLane Ventures.