Twilio, the developer-centric communications platform, today announced that it has raised a $130 million Series E round led by Fidelity and T. Rowe Price. The round also includes new investors Altimeter Capital Management and Arrowpoint Partners, as well as new strategic investors Amazon.com and Salesforce Ventures.
Indeed, as a Twilio spokesperson told us, when rumors of Twilio’s massive new round first surfaced in May, the company got a last-minute call from Salesforce, which wanted to get into the round, too. After that, Amazon also wanted to get a piece of the action, so the company held off on announcing the round and worked to include them.
“We’re now excited to add both as strategic investors along with two institutional investors who understand our developer-focused business model and think long-term like we do,” the spokesperson told us.
Twilio says the new round will allow it to accelerate its global expansion plans and expands its efforts to get into the enterprise. The company also says that it will likely use the new funding to ” execute on strategic opportunities such as the company’s recent acquisition of Authy.”
“The Salesforce1 Fund empowers startups building transformative technologies that revolutionize how companies connect with their customers in today’s mobile world,” said John Somorjai, executive vice president of corporate development and Salesforce Ventures at Salesforce in today’s announcement.
“Twilio’s innovative cloud communications platform is changing the way businesses communicate with their customers and Salesforce Ventures is excited to help Twilio continue to accelerate their growth.”
With this round, the company is also clearly setting itself up for an IPO. In total, Twilio has now raised
$233.7 $240 million and while it’s not talking about its valuation, it’s an easy guess that we are now talking about more than $1 billion.
Featured Image: Twilio/Flickr