Skype Competitor PeerMe Lands $1.5M

PeerMe secures an additional $1.5M in new financing from Japanese and North American angel investors, bringing total raised to $2.5M

July 27, 2005

1 Min Read

MOUNTAIN VIEW, Calif. and TOKYO -- PeerMe, Inc., a peer-to-peer communications technology company enabling secure internet communications, today announced that it has secured an additional $1.5 million in new financing from Japanese and North American angel investors. The financing, raised from existing investors and new institutional investors, raises the total angel investment in PeerMe to more than $2.5 million (U.S.) over the past year.

   "We view this financing, with participation from all of our existing investors, as a strong vote of confidence in PeerMe's progress and in its future vision," said Tom Lasater, PeerMe's founder and CEO. "We have met our milestones, secured initial partners in core markets and expect to launch our services sequentially throughout the world this year -- slightly over a year after founding the company."

   PeerMe has developed a secure instant messaging environment supporting Voice over Internet Protocol (VoIP) PC-to-PC and PC-to-handheld voice communications, instant messaging, and peer-to-peer file transfer fully encrypted over public internet connections. PeerMe's technology can be used independently by users connecting on a peer-to-peer basis or integrated into web communities bringing a new generation of interactive connectivity to users.

   "Our Japanese partners and investors are very excited and impressed with our technology and our pending launch in Japan," said Mr. Kanji Sakae, co- founder and president of PeerMe. "Our relationships with our partners provide us with unique opportunities for rapid integration and growth. We plan to announce numerous partnerships soon after our launch."

PeerMe Inc.

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