With a high-quality sound and a cheap price, Gulabani thinks the SymPhone software will transform the way phone calls are made. Some big name investors tend to agree.
Today, Intel, Siemens Venture Capital, Thomas Weisel Venture Partners, Bay Partners and Northwest Venture Associates plan to pump $12.5 million into the Bellevue company at a higher valuation than the previous round. Total financing now stands at $18 million. [Venture Capital: Wi-Fi voice calls may be next killer application]