Twilio Inc. founder and CEO Jeff Lawson (C, in glasses) reacts after ringing the opening bell to celebrate Twilio’s initial public offering, at the New York Stock Exchange, June 23, 2016 in New York City. Twilio’s initial public offering marks the first U. Venture-backed tech IPO of 2016.
A few days later on November 20, 2008, the company launched Twilio Voice, an API to make and receive phone calls completely hosted in the cloud. Twilio’s text messaging API was released in February 2010, and SMS shortcodes were released in public beta in July 2011. Twilio raised approximately $103 million in venture capital growth funding.
One source stated this is an all-stock deal — specifically “in Twilio Class A common stock, on a fully diluted and cash free, debt free basis” and it is expected to close in Q4 2020. Segment will become a division of Twilio, the companies said.
Who is Twilio funded by?
Twilio received its first round of seed funding in March 2009 for an undisclosed amount from Mitch Kapor, The Founders Fund, Dave Mc. Clure, David G. Cohen, Chris Sacca, Manu Kumar, from K9 Ventures and Jeff Fluhr.
In February 2017, Twilio acquired Beepsend, a Swedish-based SMS messaging provider, for an undisclosed amount. In September 2018, Twilio announced they were acquiring Ytica, a Prague, Czech Republic-based speech analytics firm, for an undisclosed amount.
Twilio is traded on the New York Stock Exchange under the symbol TWLO. How can I access Twilio’s filings with the Securities and Exchange Commission? Click here to review Twilio’s SEC filings. How can I buy or sell shares of Twilio? Twilio Class A common stock can be purchased in the open market through any registered broker.
Why did Twilio buy segment for $3 billion?
Twilio is paying $3.2 billion to acquire Segment, a technology startup that lets organizations pull customer data from one app into another, by way of APIs, and use its platform to better control the movement of that customer data, used for marketing and other applications that benefit from customer identification and segmentation.
Segment is the solution. Together, Segment and Twilio will tear down data silos, helping companies and their developers build great customer experiences. Our team at Twilio spent the last 10+ years building the leading cloud communication platform.