Dialpad was founded in 2011 by Alex Cornell, Brian Peterson, Craig Walker, and John Rector. In 2021 CEO Walker said he believes the company is "very close to being very capable to go public," adding that there is no public timeline for an IPO.
Dialpad is the developer of a cloud-based business phone system with products that include video meetings, cloud call centers, sales coaching, and enterprise phone systems. The company has made five acquisitions since 2018, most recently of Kloopid and Gluru. Dialpad has raised more than $400 million in venture capital funding from investors such as ICONIQ, Work-Bench, T-Mobile Ventures, and GV. The company announced a $2.2 billion valuation following a $170 million funding round in late 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.