Fundraising Fox

Twilio

NYSE: TWLOalso invests · investor profile

San Francisco, US · Founded 2008 · Delaware corporation · Public · 35 known investors

twilio.com

Twilio provides a cloud-based communications platform that enables businesses to integrate voice, messaging, and video into applications using APIs. The platform combines communication channels, contextual data, and AI orchestration for enterprises and developers building customer experiences.

Also known as Twilio Inc. · TWLO

Cloud ComputingDeveloper ToolsEnterprise Software

Founders & leadership

Twilio was founded in 2008 by Jeff Lawson and Evan Cooke.

JLJeff Lawson
Jeff LawsoninCo-Founder & Chief Executive Officer2008–2024
EC
Evan CookeCo-founder
LK
Lee KirkpatrickChief Financial Officer2012–2018
RN
Roy NgExecutive
KS
Karyn SmithExecutive
JW
John Wolthuis

Board

SRScott Raney
Scott Raneyin𝕏Board directorManaging Director at Redpoint Ventures
AWAlbert Wenger
Albert Wengerin𝕏Board directorHeading towards the knowledge age
BDByron Deeter
Byron Deeterin𝕏Board directorPartner at Bessemer Venture Partners
RD
Rick DalzellBoard director
JM
Jim McGeeverBoard director

Investors · 35

Also in the syndicate · 12

Altimeter Capital ManagementArrowpoint PartnersChris SaccaDave McClureDavid G. CohenFidelityJeff FluhrManu KumarMitch KaporSalesforceT Rowe PriceThe Founders Fund

Reported raises · per SEC filings

Form D private placements

$3.2B disclosed across 4 of 10 rounds · 2009–2021

$378.2MraisedJul 2021 · 83 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Deval PatrickDirector
  • Jeff ImmeltDirector
  • Richard DalzellDirector
  • Donna DubinskyDirector
  • Elena DonioDirector
  • Khozema ShipchandlerExecutive Officer
  • Jeff EpsteinDirector
  • Jeffrey LawsonExecutive Officer, Director
  • George HuExecutive Officer
  • Erika RottenbergDirector
  • Karyn SmithExecutive Officer
  • Byron DeeterDirector
Offering amount
$378.2M
Amount sold
$378.2M
First sale
Jul 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.6BraisedNov 2020 · 207 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey LawsonExecutive Officer, Director
  • Khozema ShipchandlerExecutive Officer
  • Byron DeeterDirector
  • Jeff EpsteinDirector
  • Jeff ImmeltDirector
  • Chee ChewExecutive Officer
  • George HuExecutive Officer
  • Karyn SmithExecutive Officer
  • Elena DonioDirector
  • Donna DubinskyDirector
  • Erika RottenbergDirector
  • Rick DalzellDirector
Offering amount
$2.6B
Amount sold
$2.6B
First sale
Nov 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$130MraisedJul 2015 · 26 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jim McGeeverDirector
  • Byron DeeterDirector
  • Evan CookeDirector
  • Scott RaneyDirector
  • Albert WengerDirector
  • Jeff LawsonExecutive Officer, Director
  • Karyn SmithExecutive Officer
  • Rick DalzellDirector
  • Lee KirkpatrickExecutive Officer
  • Roy NgExecutive Officer
Offering amount
$130M
Amount sold
$130M
First sale
Apr 2015
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$6.3MraisedMar 2015 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Evan CookeDirector
  • Scott RaneyDirector
  • Lee KirkpatrickExecutive Officer
  • Roy NgExecutive Officer
  • Albert WengerDirector
  • Karyn SmithExecutive Officer
  • Rick DalzellDirector
  • Jeff LawsonExecutive Officer, Director
  • Byron DeeterDirector
  • Jim McGeeverDirector
Offering amount
$6.3M
Amount sold
$6.3M
First sale
Feb 2015
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Twilio Inc. is an American cloud communications company headquartered at Rincon Center in San Francisco, California. It provides programmable communication tools that let developers make and receive phone calls, send and receive text messages, and perform other communication functions through web service APIs. Its product set spans Voice, SMS, MMS, SIP trunking, WebRTC, two-factor authentication and call center software, and it operates SendGrid as a subsidiary.

The current platform is positioned around "conversations in the AI era," combining communication channels, customer data and AI orchestration so that human agents and AI agents can coordinate across channels and retain context. Newer product families include Conversation Memory, Conversation Orchestrator, Conversation Intelligence and Conversation Relay, alongside established products such as Programmable Messaging (SMS, MMS, RCS, WhatsApp, Facebook Messenger in public beta), the Twilio SendGrid Email API, Voice, Phone Numbers, Elastic SIP Trunking, Flex, Video, Marketing Campaigns, Trust Hub, Event Streams, Interconnect, TaskRouter, Sync, Verify, Lookup, Segment Connections/Protocols/Unify/Engage/Privacy Portal, and builder tools including Studio, Functions and Serverless.

One overview source describes Twilio as a customer-engagement infrastructure company that reports as a single operating and reportable segment, with communications and identity monetized largely on usage and Email and Segment monetized largely by subscription.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Active customer accountsJan 2024306,000
Dollar-based net expansion rate (Q2 2026)Jun 2026116%
EmployeesJan 20255,587 people
Free cash flow (Q2 2026, company-defined)Jun 2026$352.6M
GAAP gross profit (Q2 2026)Jun 2026$725.9M
HeadcountAug 20267,881
Net income (FY2025)Jan 2025$33.8M
Operating income (FY2025)Jan 2025$158M
Revenue (FY2024)Jan 2024$4.5B
Revenue (FY2025)Jan 2025$5.1B
Revenue (Q2 2026)Jun 2026$1.5B
Revenue growth YoY (FY2025)Jan 202514%
Total assets (FY2025)Jan 2025$9.8B
Total equity (FY2025)Jan 2025$7.8B
Venture capital growth funding raised (pre-IPO)Jan 2016$103M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

5 people who came through Twilio went on to found or lead other companies.

Competitors · 3

by search overlap

Companies competing with Twilio for the same Google search keywords, organic and paid, via search-intersection analysis.

Acquisitions · 2

Early investors' stakes continue via these deals
Authy

Authy provides a two-factor authentication (2FA) app that protects user accounts from unauthorized access by requiring device-based identity verification. The service enables individuals to secure their online accounts across various platforms against hackers and account takeovers.

Zipwhip

Timeline · 25

launches, deals, and filings
Oct 2025
Agreement to acquire Stytch

Twilio announced an agreement to acquire Stytch, an identity platform for AI agents.

source ↗

Jan 2025
First full year of GAAP operating profitability

Twilio recorded its first full year of GAAP operating profitability after years of restructuring.

source ↗

Jul 2024
Authy user phone numbers exposed

Alleged threat actors acquired the phone numbers of over 33 million users of Twilio's multi-factor authentication service Authy.

source ↗

Jan 2024
Jeff Lawson steps down as CEO; Khozema Shipchandler succeeds him

Co-founder Jeff Lawson stepped down as CEO and board member after a 16-year tenure, amid pressure from an activist investor, and was succeeded by Khozema Shipchandler.

source ↗

Dec 2023
Additional 5% workforce reduction

Twilio announced a 5% workforce reduction affecting around 300 employees, primarily in its Data and Applications division.

source ↗

Feb 2023
Layoff of 17% of workforce and reorganization

Twilio cut approximately 17% of its workforce, nearly 1,500 employees, and created two business units: Twilio Data & Applications and Twilio Communications.

source ↗

Sep 2022
Layoff of 11% of workforce

Twilio laid off 11% of its workforce.

source ↗

Aug 2022
Network breach via SMS phishing campaign

An unknown attacker accessed Twilio's internal network through an SMS phishing campaign targeting employees; Twilio confirmed the breach on August 7 and said a limited number of customer accounts were affected. Signal said on August 15 that 125 affected customers included enterprise accounts.

source ↗

Jan 2022
Agreed to acquire Boku Identity

Twilio announced an agreement to acquire Boku Identity, Inc. from Boku, Inc. for $32.3 million.

$32.3M source ↗

May 2021
Acquired Ionic Security

Twilio acquired Ionic Security, a data security platform, for $30.2 million.

$30.2M source ↗

May 2021
Acquired Zipwhip

Twilio acquired Zipwhip, a toll-free messaging services provider, for $850 million.

$850M source ↗

Jan 2021
Twilio cut off service to Parler

Twilio shut down its links to Parler after Parler refused to agree to monitor hate speech and insurrection on its platform.

source ↗

Oct 2020
Acquired Segment

Twilio acquired Segment, a customer data platform, for $3.2 billion; the deal extended Twilio from communications delivery into profiles, audiences and orchestration (closing referenced as November 2020).

$3.2B source ↗

Jul 2020
Acquired Electric Imp

Twilio announced it had acquired Electric Imp, an internet of things platform company, for an undisclosed amount.

source ↗

Mar 2020
Appointment of Chief Security Officer and Chief Customer Officer

Twilio announced the appointment of Steve Pugh as Chief Security Officer and Glenn Weinstein as Chief Customer Officer.

source ↗

Nov 2018
Acquired Core Network Dynamics GmbH

Twilio acquired Core Network Dynamics GmbH, a Berlin-based virtual evolved packet core company.

source ↗

Oct 2018
Announced acquisition of SendGrid

Twilio announced it was acquiring SendGrid, a Denver-based email platform, for $2 billion; the companies formally merged in February 2019 in a deal valued at $3 billion.

$2B source ↗

Sep 2018
Acquired Ytica

Twilio announced the acquisition of Ytica, a Prague-based speech analytics firm, for an undisclosed amount.

source ↗

Feb 2017
Acquired Beepsend

Twilio acquired Beepsend, a Sweden-based SMS messaging provider, for an undisclosed amount.

source ↗

Sep 2016
Acquired Tikal Technologies (Kurento WebRTC team)

Twilio acquired Tikal Technologies, the development team behind the Kurento WebRTC open-source media server, for $8.5 million.

$8.5M source ↗

Jun 2016
IPO on the New York Stock Exchange

Twilio filed for IPO on the NYSE and began trading on June 23, 2016, closing its first day up 92%.

source ↗

Feb 2015
Acquired Authy

Twilio acquired Authy, a Y Combinator-backed two-factor authentication provider.

source ↗

Sep 2010
Twilio Fund launched with 500 Startups

Seed accelerator 500 Startups announced the Twilio Fund, a $250,000 micro-fund providing seed money to startups using Twilio.

$250K source ↗

Feb 2010
Text messaging API released

Twilio released its SMS/text messaging API; SMS shortcodes followed in public beta in July 2011.

source ↗

Nov 2008
Launch of Twilio Voice API

Twilio launched Twilio Voice, an API to make and receive phone calls fully hosted in the cloud.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
TwilioDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Twilio do?
Twilio is a publicly traded cloud communications company selling APIs for messaging, voice, email, identity and customer data.
Who founded Twilio?
Twilio was founded by Jeff Lawson, Evan Cooke in 2008.
Who are Twilio's investors?
Twilio's investors include 500 Global, Bessemer Venture Partners, Draper Associates, Founders Circle Capital, Founders Fund, Icon Ventures, K2 Global, K9 Ventures and 15 more.
How much funding has Twilio raised?
Twilio has disclosed $3.2B raised across 4 of its 10 known rounds.
Is Twilio publicly traded?
Yes — Twilio trades on NYSE under the ticker TWLO.
Where is Twilio headquartered?
Twilio is headquartered in San Francisco, US.