In February we shared the news that portfolio company Authy, was acquired by Twilio. Today Forbes reported that Twilio has doubled their valuation raising $100m and reaching a billion dollar valuation:
“The round about doubles Twilio’s valuation, as well as the total funding the company has raised since launching in 2008. A range of investors had put $103.7 million into the company before the new raise, including Series D lead Redpoint Ventures,Series C co-leads Bessemer Venture Partners (which led its Series B) and Union Square Ventures (which led the Series A). The company had formerly been worth about $500 million.
Twilio announced it had crossed a revenue run rate of $100 million in 2014 and was adding $1 million in recurring revenue every week. Since then, the company launched video capability and acquired a two-factor authentication startup, Authy. More than 500,000 developers work with Twilio’s APIs.”
Read the full story on Forbes