About Peerless Network
Peerless Network is a company based in Chicago (United States) founded in 2008 was acquired by Infobip in November 2021.. Peerless Network has raised $14.07 million across 3 funding rounds from investors including Infobip and Square 1 Bank. The company has 130 employees as of December 31, 2022. Peerless Network offers products and services including SIP Trunking and SD-WAN.
- Headquarter Chicago, United States
- Employees 130 as on 31 Dec, 2022
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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- Legal Name Peerless Network, Inc
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Products & Services of Peerless Network
Peerless Network offers a comprehensive portfolio of products and services, including SIP Trunking and SD-WAN. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
SIP Trunking services are delivered for automated business communications and integration with platforms like Webex and Microsoft Teams
SD-WAN solutions are provided as managed services to ensure secure and reliable data transmission for businesses
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Leadership Team
137 people
Software Development Team
109 people
Sales and Marketing
70 people
Product Management Team
67 people
Senior Team
52 people
Finance and Accounting
27 people
Head Team
20 people
Operations Team
20 people
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Funding Insights of Peerless Network
Peerless Network has successfully raised a total of $14.07M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in January 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(11 May 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2013 | Amount | Debt – Conventional - Peerless Network | Valuation |
investors |
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| Jul, 2010 | Amount | Series A - Peerless Network | Valuation |
investors |
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| May, 2009 | Amount | Series A - Peerless Network | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Peerless Network
Peerless Network has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Infobip and Square 1 Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt, treasury, and cash management services are provided.
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Founded Year | Domain | Location | |
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Cloud-based messaging and communication solutions are provided for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Peerless Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Peerless Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Peerless Network Comparisons
Competitors of Peerless Network
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Peerless Network
When was Peerless Network founded?
Peerless Network was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Peerless Network located?
Peerless Network is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Peerless Network a funded company?
Peerless Network is a funded company, having raised a total of $14.07M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.07M, raised on May 11, 2009.
How many employees does Peerless Network have?
As of Dec 31, 2022, the latest employee count at Peerless Network is 130.
What does Peerless Network do?
Peerless networks provides interconnect (TDM and SIP) services in USA. Its services include originating and terminating calling services for telecommunication companies, service providers, and enterprises. It offers local transit, switched access, long distance termination, direct inward dial. It also offers wholesale mobility services like wi-fi offloading ( IP-to-IP soft handoff technology) and data management.
What products or services does Peerless Network offer?
Peerless Network offers SIP Trunking and SD-WAN.
Who are Peerless Network's investors?
Peerless Network has 2 investors. Key investors include Infobip, and Square 1 Bank.
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