Toku (company)

Last updated
Toku
Industry Cloud communications
FounderThomas Laboulle
Headquarters63 Chulia St, #15-01, Singapore
Areas served
South East Asia
Key people
  • Thomas Laboulle (CEO)
  • Christian Wong (CFO)
  • Christophe Riccardi (COO)
Number of employees
120 (2023)
Website toku.co

Toku is a cloud communications company based in Singapore. [1] [2]

Contents

History

Toku was founded in April 2018 by Thomas Laboulle. [3]

In September 2021, Toku raised $5 million in Series A funding. [4] The funds were used to support Toku's expansion, including the development of its "Contact Centre as a Service" platform. [4] In the same month, Toku joined Zoom's Phone Provider Exchange Program, facilitating the integration of businesses' PSTN carriers with Zoom's platform. [5] As an Enhanced Cloud Peering collaborator, Toku is listed for organisations to select as a carrier on the Zoom Phone platform. [6]

In 2022, Toku conducted a survey that revealed, 87 percent of participants received a scam call, 75 percent answered, and 10 percent suffered financial losses, indicating continued vulnerability to phone scams. [7] [8]

In June 2022, Toku became the first in Singapore and Southeast Asia to join the global AB Handshake Community. [9] [10]

In November 2022, Toku announced a US$5 million Series A extension, raising the total funding to $10 million. The round was co-led by Delivery Hero Ventures and Malaysia's OSK Ventures. [11] [12]

In April 2023, Toku completed the acquisition of Activeo Singapore, the Southeast Asia operations of Activeo, a France-based customer experience (CX) consulting firm. [13] [14] [15]

Services

Toku specialises in contact centre platforms, programmable voice and messaging, campaign manager platform, and integration with Microsoft Teams and Zoom Phone. [1] [16] The Infocomm Media Development Authority (IMDA) of Singapore has authorized the company to manage commercial SMS traffic. [17]

Initially holding a telco license, Toku now owns over 60 percent of Singapore's virtual numbers. [2]

Gojek, a major on-demand services platform, uses Toku's API for communication purposes. [18] [19]

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References

  1. 1 2 "Tech in Asia". Tech in Asia .
  2. 1 2 "Toku raises US$10 million Series A funding for APAC expansion". The Business Times .
  3. "As Sender ID Registry deadline looms, does SMS still matter?". The Business Times .
  4. 1 2 "CCaaS Startup Toku Raises $5 Million".
  5. "Toku targets regional remote working market with Zoom deal".
  6. "Singapore's Toku targets regional remote working market with Zoom deal".
  7. "Toku Steps Up Efforts to Eliminate Call Frauds". Telecom Review Asia Pacific.
  8. "Three-quarters of Singaporeans answered scam calls recently: Toku".
  9. "Toku Steps Up Efforts to Eliminate Call Frauds in Singapore - Telecom Review Asia Pacific". www.telecomreviewasia.com. June 29, 2022.
  10. "Toku leads effort to eliminate call frauds in Singapore's telecommunications industry". Times of India .
  11. "Funding Files: Cyber security, AI and cloud deal roundup". Times of India .
  12. "Asia Digest: Japan's H2O Hospitality raises $30m; SG-based Toku raises $5m". DealStreetAsia.
  13. "Toku acquires Activeo to help more APAC businesses unlock modern". Times of India .
  14. "Toku acquires Activeo Singapore to boost transformation capabilities".
  15. "Singapore-based Toku acquires SEA operations of Activeo".
  16. "Tech in Asia - Connecting Asia's startup ecosystem".
  17. "Toku Steps up Efforts to Eliminate Call Frauds". Telecom Review Asia Pacific.
  18. "Toku's Communication API is used by Southeast Asian ride-hailing giant Gojek".
  19. "Toku's Cloud Communication APIs wins at the SBR Technology Excellence Awards 2022".