Twilio Raises $70M in Series D Financing

Funding Rounds

▤ Summary

Twilio, a San Francisco, CA-based cloud communications company, raised $70m in Series D financing.The company intends to use the funds to continue to grow and is massively hiring in San Francisco (read here).Led by CEO Jeff Lawson, Twilio provides developers with an open API to set up telephony services in the cloud for Web and mobile phone applications allowing companies to eliminate upfront investments in hardware.In the past twelve months, the company expanded its presence globally and is now available in more than 40 countries.It also introduced new capabilities and products including new Android and iOS development kits for its client product, WebRTC integration for improved voice calling from within web browsers, which enables enterprises to integrate existing on-premises solutions with the company’s cloud-based platform, multi-user account management, etc.

$ Funding

$
Amount $70.0M Total raised
□
Date June 7, 2013 Announcement date
◎
Investors Bessemer Venture Partners, Draper Fisher Jurvetson, Twilio Lead investors
▥
Company http://www.twilio.com Funded company

▥ Classifications

industries
Telecommunications
applications
Customer Service & Support

◇ AskAI Classifications

Labels
CPaaS SaaS Developer Tools

▦ Linked Companies

JobScore
$1M to $5M