Telgorithm, a Los Angeles-based cloud communications technology startup, has raised $3.8 million in seed funding to further develop and enhance its compliance-based messaging platform for SaaS providers.
The funding, led by Bonfire Ventures with participation from Daher Capital, Amplify.LA, and I2BF, will allow the tech startup to expand its existing robust messaging APIs to include a cloud-based voice communications platform. Today, Telgorithm offers hosted messaging services that allow SaaS providers to bring text messaging to their core platforms on an Application to Person (A2P) messaging via a standard 10-digit-long code (10DLC) and toll-free telephone numbers.
Telgorithm started in May 2021 after its founders saw a need for a comprehensive business telecom and messaging platform. Its founders have a collective 18 years of experience in the telecommunications industry including in the wireless, VoIP and SaaS industries, giving them unique perspectives from both the customer & provider sides.
Aaron Alter, Telgorithm's co-founder and CEO said the company's revolutionary platform will help SaaS providers maneuver the challenges of moving from Person-to-Person (P2P) Short Messaging Services (SMS) to A2P messaging while maintaining the compliance needed to adhere with Telephone Consumer Protection Act (TCPA) regulations. In the last few years, mobile operators have demanded that commercial messaging move from P2P to A2P because the volume made it difficult for carriers to protect their end users from unwanted messages.
Jim Andelman, co-founder and managing director of Bonfire Ventures
Telgorithm helps SaaS vendors deliver more value to their end customers and drive superior business performance. It's a huge market opportunity. We love that the founders previously worked together and brought very similar products to market for the same use-case, so the 'founder-market fit' here is simply off the charts.
Aaron Alter, Telgorithm's co-founder and CEO
We're a truly transparent communications platform that empowers SaaS providers to validate, build, deploy, maintain, and scale communications with ease. Whether it's a small to mid-sized or enterprise customer, our platform and APIs enable the product manager to bring messaging features that are compliant and reliable to market without the guesswork.
