XCast Labs Raises $2.7M

Los Angeles-based XCast Labs is announcing this morning that it has raised $2.7M in a Series A funding round, for the firm's voice-over-IP services. According to XCast, the funding includes an investment by Siemer and Associates, as well as Frontera Capital and the Pasadena Angels. XCast said that its voice-over-IP services will be "fully interoperable" with the popular VoIP software Skype, and will also provide features such as enhanced voicemail, international calling, PBX support, and other services. XCast Labs had announced funding from Siemer in February, but did not disclose the amount of that funding. More information »