Overview

Ooma provides communication solutions through Voice over Internet Protocol (VoIP) technology for both residential and business clients. For homes, Ooma offers devices like the Ooma Telo, which connects to the internet and existing phone lines, allowing users to make voice calls with features such as voicemail, caller ID, and 911 service at lower costs than traditional phone services. For businesses, Ooma has the Ooma Office product line, which includes features like virtual receptionists and mobile app integration, designed for small and medium-sized enterprises. Ooma's business model includes selling hardware devices with a one-time cost, followed by subscription-based services for additional features. This approach ensures a steady income stream while focusing on affordability and ease of use, setting Ooma apart from competitors in the telecommunications market.

Simplify's Take

What believers are saying

• Ooma's partnership with SONIFI expands its reach in the hospitality sector.
• Ooma AirDial's launch in Canada opens new revenue streams and market share.
• PCMag's 2025 Business Choice Award boosts Ooma's reputation in the VoIP market.

What critics are saying

• Emerging VoIP providers with lower prices threaten Ooma's market share.
• AI-driven communication tools may outpace Ooma's current offerings.
• Regulatory hurdles could delay Ooma's transition from POTS to VoIP services.

What makes Ooma unique

• Ooma offers PureVoice HD for superior voice quality in consumer services.
• Ooma AirDial is recognized as a leader in POTS replacement solutions.
• Ooma Office provides advanced features like virtual receptionists and mobile app integration.

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Funding

Total Funding

$128.4M

Below

Industry Average

Funded Over

8 Rounds

Notable Investors:

Founders Fund

Notable Investors:

Founders Fund

$30,000,000

Post IPO Debt

Oct 2023

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Stock Price