Twilio, a US-based cloud communications company which runs a corporate venturing fund, has itself raised $70m series D funding. New investors include venture capital firm Redpoint Ventures, who led the round with existing investor, venture capital firm Bessemer Venture Partners, and venture capital firm Draper Fisher Jurvetson.
Jeff Lawson, co-founder and chief executive officer of Twilio said:. “For each of the past three years, Twilio experienced more than 100 percent revenue growth as we helped developers and corporations realize they can tap the power of the cloud for voice and messaging services. This represents a multi-billion-dollar market opportunity, and we’re just beginning to see what’s made possible by the developers building solutions on top of our platform.”
Scott Raney, partner with Redpoint Ventures, joins Twilio’s board of directors. Raney also serves on the board of directors or has been involved with Redpoint’s investments in adap.tv, BranchOut, Cloud.com, Expensify, Heroku, Jumptap, Path and Stripe.