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July 30, 2015

Amazon & Salesforce chip in to Twilio’s $130m funding

Company planning to expand its global presence with its products.

By CBR Staff Writer

Cloud comms company Twilio is looking to to boost its product offering after raising $130m in series E round offunding.

The latest round of funding was led by Fidelity and T. Rowe Price, along with Altimeter Capital Management, Arrowpoint Partners, and Salesforce Ventures.

Twilio CEO Jeff Lawson said: "We’re excited to work with and Salesforce Ventures – true pioneers in cloud, software and infrastructure as a service.

"We can’t wait to see what our customers build next."

The company’s Real-time Communications Suite, which includes video and IP messaging, is one of the products that the company wants to boost with the additional funding.

Twilio initially started out with the introduction of Programmable Voice product in 2008 and later it ventured into mms, voip, identity authentication, video and ip messaging.

Its platforms helps businesses add voice, messaging and video capabilities into their mobile and web applications to facilitate better communication by making it contextual and relevant.

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Twilio is also aiming to expand its global presence with the capital and venture into enterprise accounts, and add to its ability to execute on strategic opportunities through Authy, a mobile and Web access security solutions company it recently acquired.

Salesforce Ventures corporate development executive vice president John Somorjai said: "The Salesforce1 Fund empowers startups building transformative technologies that revolutionise how companies connect with their customers in today’s mobile world.

"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."

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