SAN FRANCISCO, June 12 Twilio Inc, a company
that makes cloud-based telephony tools for companies and
mobile-application developers, said on Wednesday that it has
raised $70 million in new venture capital funding as part of its
expansion plan to sell to larger businesses.
Redpoint Ventures and Bessemer Venture Partners led the
investment, Twilio's fourth round of equity financing, with
additional funding from Draper Fisher Jurvetson.
The company has now raised a total of $110 million.
Founded in 2008, Twilio provides voice-over-IP and texting
services over the cloud. Uber, the car hailing app, for
instance, uses Twilio to automatically send texts to a customer
when a car is approaching his or her pickup location.
For Election Day in 2010, the U.S. Democratic National
Committee used Twilio software to create a call center that
recorded and documented reports of voter suppression and poll
Twilio, which has 150 employees based in San Francisco, is
seeking to hire a sales force to sign on more national retail
customers like Home Depot, which is currently a customer, Chief
Executive Jeff Lawson said in an interview earlier this year.
Redpoint partner Scott Raney will join Twilio's board as
part of the investment round, Twilio said.
(Reporting by Gerry Shih; Editing by Chris Gallagher)