$100M Series E Funding
On May 4, 2015 Twilio, a software and cloud-based communications platform, announced that they have received $100 Million in Series E funding. Twilio highly proficient in cloud communication that enable users to use standard web languages to build voice, VoIP and SMS apps via a web API. It had been catering to its clients since long time and have earned their admiration for it the segment it’s witnessing a pleasant change with growing awareness among users and service providers.
Twilio has already raised over $103M funding in previous rounds, with major a contribution from their Series D round where they raised $70M for the company. This has helped them to improve quality services and increase development. The newly acquired funding has pushed the company’s valuation to $1.1 billion and have enhanced its prospects.
A software and cloud-based communications platform, enables developers and businesses to rapidly build and deploy communication solutions that meet their specific needs. Whether integrating voice, messaging and/or VoIP capabilities into a web or mobile app or building a complete system like a call center, Twilio removes the traditional obstacles to creating effective communications experiences. Twilio gives businesses the ability to innovate, prototype, create, and connect with their customers at the right time and in the way.
You can find more information on Twilio’s funding on Forbs.