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Wheelings & Dealings: Twilio's 'Unicorn' Funding Round Worth $130 Million

August 6, 2015 | Telepresence Options

Twilio.png

Story and images by Tara Seals / WebRTC World

Twilio said that a Series E funding round back in April, which catapulted it into the "Billion Dollar Unicorn" club, totaled more than originally thought. While reports pegged the investment to be around $100 million, it actually came in around $130 million.

Twilio said it will use the additional funding to build out its real-time communications suite, which includes video and IP messaging products, as well as expand internationally.

The San Francisco-based company, led by CEO Jeff Lawson, specializes in providing an infrastructure-as-a-service (IaaS) platform for creating software-embedded, contextual communications. As such, it provides APIs for Web developers to build cloud communications applications using carriers' native voice and SMS network capabilities.

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