Cloud communication software provider Twilio has bought Electric Imp, a US-based internet connectivity technology producer backed by contract manufacturer Foxconn, for an undisclosed amount.
Founded in 2011, Electric Imp is the creator of ImpModule, a component that helps deliver processing power to electronic devices and allows them to access the internet.
Twilio will leverage the company’s technology to improve its internet-of-things capabilities, and a jointly developed chip dubbed Imp006 has been announced alongside the transaction.
Electric Imp had raised $44m pre-acquisition, most recently securing $21m in a 2016 series C round led by Rampart Capital that included Redpoint Ventures and unnamed company team members.
Foxconn participated in Electric Imp’s $15m series B round two years earlier, investing alongside Rampart Capital, PTI Ventures, company CEO Hugo Fiennes and Redpoint Ventures, which had already backed its $8m series A round with Lowercase Capital in 2012.
