The proceeds will be used to accelerate development and global roll-out of its SaaS-based voice communications platform, which provides a comprehensive cloud-based replacement to traditional trading "turrets"; immediate access to a growing pool of liquidity; full interoperability with third-party systems; and real-time provision of high-fidelity audio, trading metadata and transcription. In addition to its investment, Barclays will work with Cloud9 on the acceleration of the Company's adoption across the industry. This follows JPMorgan's earlier decision to onboard more than 2,000 internal traders and salespeople to Cloud9 as its primary tool for voice communication between the bank and its clients globally.

https://www.prnewswire.com/news-releases/barclays-leads-14-million-raise-as-cloud9-looks-to-digitize-trader-voice-communication-300689103.html