Twilio Announces $17 Million in Series C Funding From Bessemer Venture Partners and Union Square Ventures
Twilio is the market-leading cloud communications platform. The company simplifies a century of complex telecommunications technologies into simple, web-based building blocks that anyone with access to basic programming skills can configure. Tens of thousands of companies and software developers use Twilio to easily build voice, VoIP (Voice over Internet Protocol) and text messaging capabilities into their existing applications, or build totally new kinds of communications applications from scratch. Unlike traditional telecom vendors, Twilio requires no contracts and charges no upfront fees. Clients only pay for the resources they use, when they use them, and nothing else.
Because of Twilio's simplicity, scalability and risk-free pricing model, the community of developers and businesses on its platform has grown to near 75,000 clients in just three years. These clients have built a vast array of communications applications, including web-based distributed call centers, voice and SMS notificatio systems, hosted IVRs, conferencing solutions, group messaging apps and much more.
"There are very few opportunities to create new platform companies," said Albert Wenger, a partner at Union Square Ventures. "Twilio has figured out how to make communication networks accessible to all developers, unlocking many new use cases. With this financing they are as a matter of fact well positioned to grow as a new cloud communications platform."
Twilio, the cloud communications company, is reinventing telecom by merging the worlds of cloud computing, web services and telecommunications. Twilio provides a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls, text messages, and IP voice communications into their web, mobile, and traditional phone applications. The company is privately held and is headquartered in San Francisco, California.
Union Square Ventures is one of the leading venture capital firms investing in Internet and mobile Internet businesses. For more information, visit www.usv.com
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