Google Leads $100 Million Funding Round For Symphony

By Jennifer BootonMarketWatch Pulse

Symphony, the maker of a cloud-based communications platform that launched to the public last month, said Monday that it raised more than $100 million in financing from a group of investors led by Google Inc. . Other investors include Lakestar, Natixis , Societe Generale , UBS Group and venture capitalist Merus Capital. This is on top of the $66 million Symphony raised previously from 15 financial institutions, including Bank of America Merrill Lynch , J.P. Morgan and Credit Suisse . Symphony CEO David Gurle called the most recent financing round "a vote of confidence" in the company's business, and said the company will use the funds to help spark global adoption of the platform.

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