News: The company raised $130m in July 2015, which brought its total funding to about $240m.
Cloud communications firm Twilio has filed for its initial public offering, with plans to raise $100m.
The company said it will list its shares on the New York Stock Exchange under the symbol TWLO. Twilio did not specify the number of shares and the price range for the offering.
Goldman, Sachs and J.P. Morgan Securities will act as joint book-running managers for the proposed offering, which will be made only by means of a prospectus.
In July 2015, Twilio raised $130m in series E round of funding, led by Fidelity and T. Rowe Price, along with Altimeter Capital Management, Arrowpoint Partners, Amazon.com and Salesforce Ventures.
Established in 2008, Twilio employs more than 500 people, with headquarters in San Francisco.
The company has offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore and Tallinn.
Annual revenues surged from $49.9m to $166.9m between 2013 and 2015. The company brought in $59.3m in revenue for the first three months of this year.
Twilio’s developer-first platform approach includes three things, programmable communications cloud, super network and business model for innovators.
The programmable communications cloud software allows developers to embed voice, messaging, video and authentication capabilities into their applications through simple-to-use application programming interfaces.
The super network software layer allows customers’ software to communicate with connected devices globally.
It interconnects with communications networks across the world and analyses data to optimise the quality and cost of communications that flow via the company’s platform.
The business model for innovators reduces friction and upfront costs, encourages experimentation and allows developers to increase their customers base.
WhatsApp is one of the significant customers of Twilio. The company said in its filing that WhatsApp represented 17% of its revenue in 2015.