AAA Twilio attains unicorn status with series E

Twilio attains unicorn status with series E

Twilio, a US-based cloud communications platform that operates a corporate venturing unit, has raised $100m in its series E round, Forbes reported on Monday, citing a regulatory filing identified by VC Experts.

The company has issued approximately 8.8 million shares at $11.31 each, valuing the company at $1.1bn. It has not disclosed the identity of any of the investors, or whether the round has reached a final close.

Twilio has developed a communications platform for companies to interact with their clients. Its customers include ride hailing app Uber, cloud collaboration service Box and online streaming platform Hulu.

The company secured $70m in a 2013 series D round led by Bessemer Venture Partners and Redpoint Ventures that also featured Draper Fisher Jurvetson, taking its total funding to approximately $103m.

In February 2015 Twilio acquired mobile app authentication technology producer Authy for an undisclosed sum, providing exits to investors including cloud computing company Salesforce.com and internet company Digital Garage.

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