HubSpot's free Press Release Marketing Kit gives you the tips and tricks you need to get the most value out of your press releases to improve thevisibility of your company.Learn how to help your press releases get found by more people in search engines and social media with some simple and actionable tips.
Download the Press Release Marketing Kit
Content Analyzed
FOR IMMEDIATE RELEASE
CONTACTDanielle MorrillTwilio Inc.415-944-1062press@twilio.comhttp://twilio.com
Founders Fund and Mitchell Kapor Lead Financing of Twilio’s Cloud Telecom Platform
Twilio raises institutional funding led by Founders Fund and Mitchell Kapor to advance their simple, powerful, pay-as-you-go telephony infrastructureservice and expand into new markets.
San Francisco, CA (March 2, 2009)
– Twilio (www.twilio.com), provider of the simple, powerful pay-as-you-go telecommunications service in thecloud, today announced that it has secured institutional financing led by San Francisco based venture capital firm Founders Fund(www.foundersfund.com) and computer industry pioneer Mitchell Kapor (www.kapor.com). Twilio's platform allows developers to build advancedvoice applications that scale automatically as they grow, paying for capacity only when it's needed. Twilio will use the funds to continue advancing itstelephony infrastructure service and push further into enterprise and vertical markets with expanded sales and marketing.“Twilio is thrilled to work with the Founders Fund and Mitch Kapor, investors and founders of some of Silicon Valley’s most successful technologycompanies,“ said Twilio co-founder and CEO, Jeff Lawson. “Their commitment to Twilio and the vision of simplifying telecom will allow us to expandour platform and roll it out to more customers, more quickly.”“We believe Twilio’s platform will revolutionize communications, bringing advanced telecom functionality to a broad set of developers, applicationsand companies,” said Dave McClure, who led the financing through the Founders Fund angel investment program. “It’s refreshing to see a companywith such a clear purpose, addressing real problems with a revenue-generating solution. We’re excited to help them accelerate their plans.”“The Twilio team has merged the worlds of cloud computing, web services, and telecom in unprecedented ways,” said Mitchell Kapor, seed capitalinvestor, creator of Lotus 1-2-3, chairman of the Mozilla Foundation and founder of the Electronic Frontier Foundation, among others. “I’m excited tohelp Twilio grow, and explore the range of opportunities in this exciting intersection.”Since it’s launch in late November 2008, Twilio has amassed a base of over 1,500 developers, with applications representing Fortune 500 brands,leading social media websites, independent software vendors and more. Customers include Sony Music, a world leader in music entertainment;Earth911, the top environmental information resource; and Tumblr.com, the leading Tumblogging service. Brands benefiting from Twilio’s technologyinclude Heineken, Cheetos, Exxon/Mobile, and Roundup Weed Killer. “With Twilio, we replaced in-house IVR [Interactive Voice Response] systems behind our 1-800-CLEANUP recycling hotline,” said Earth911 ITDirector, Tony Ash. “The 1-800-CLEANUP phone number is printed in over a billion consumer products nationwide, so reliability and speed to marketwere critical. With Twilio, we went from prototype to production in weeks, and significantly increased reliability while reducing costs over our previousin-house implementation.”For more information about "Founders Fund and Mitch Kapor Lead Financing of Twilio’s Cloud Telecom Platform", contact press@twilio.com or visitwww.twilio.com. Twilio is currently hiring UI/UX, web, and backend developers. Interested candidates should email resumes to jobs@twilio.com.Contact:Danielle Morrill548 Market St #14510San Francisco California 94104press@twilio.com415-944-1062# # #
About Twilio Inc.
Press Release Analysis for Free | Press Release Graderhttp://pressrelease.grader.com/graderelease.php3 of 43/3/09 8:13 AM
Add a Comment