Twilio, a San Francisco, CA-based cloud communications company, raised $70m in Series D financing.
The round was led by Redpoint Ventures, with participation from Bessemer Venture Partners and Draper Fisher Jurvetson. In conjunction with the funding, Scott Raney, a partner with Redpoint, joined Twilio’s board.
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. In addition, the company signed partnerships with Amazon Web Services, Google Cloud Platform, Microsoft Azure, KDDI Web Communications, etc.
Twilio currently employs more than 150 people in United States and Europe.
01/03/2013: 500 Startups and Twilio Launch European Microfund
07/12/2011: Twilio Raises $17M in Series C Funding
22/09/2011: Twilio Fund Launch Second $250K Vehicle