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Friday, December 9, 2011

Twilio announces new funding

Cloud communications Twilio, which launched its services in the UK earlier this year, has raised an additional $17 million (£10.9 million) in funding from Bessemer Venture Partners and Union Square Ventures. Both companies have previously invested in Twilio.

The company now serves almost 75,000 developers, enabling them to include voice, VoIP and text messaging capabilities in existing applications. Unlike traditional telecoms solutions, customers only pay for the resources they use.

Jeff Lawson, CEO and co-founder of Twilio, said “At Twilio, we’re opening the black box of telecom to developers and companies that can now innovate in this previously esoteric field. With this new round of funding, we look forward to expanding that mission.”

Twilio will use the money to accelerate its growth and to expand its team of almost 100 people.

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Author: The Fonecast
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1 comments on article "Twilio announces new funding"

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Global Fibernet

12/10/2011 9:41 AM

We love Twilio as a wonderful API tool. VoIP for Business started out as a simple API type thought and look at it now!

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