San Francisco-based Twilio, the cloud communication platform which helps developers in making and receiving phone calls, SMS through a web API has confirmed acquiring Denver, Colorado based email platform SendGrid in an all-stock deal worth $3 billion. Sameer Dholakia, the CEO of the company will continue to lead the SendGrid team but the platform will operate as a wholly owned subsidiary of Twilio.
Twilio was started in 2008 by Evan Cooke, Jeff Lawson, and John Wolthuis as a platform to support the developers through APIs where they can integrate custom phone numbers and manage messaging communications. Twilio raised about $260 million in investment from the top backers around which includes Salesforce, K2 Global, Fidelity Investments, Altimeter Capital, Amazon, Bessemer Venture Partners, T. Rowe Price, DFJ and ArrowMark Partners.
SendGrid was started in 2009 by Isaac Saldana, Jose Lopez, and Tim Jenkins, the company claims to deliver more than 30 billion emails every month for their web and mobile-base customers which include the likes of Airbnb, Uber, and Spotify. SendGrid raised about $80 million in capital from various investors since their inception. The investors for the Denver-headquartered firm included Bessemer Venture Partners, Bain Capital Ventures, Uncork Capital, Foundry Group, and All Blue Capital.
Jeff Lawson, the co-founder of Twilio about how the firm has been operating said, At Twilio, we’ve been investing for 11 years to build the customer engagement platform that developers and companies can use to build world-class experiences. We started by building the industry-leading APIs for voice and SMS, and have since added video, Facebook Messenger, and WhatsApp as a means for companies to communicate with their customers.”
Commenting on how both the firms aim to help the developers community Lawson added. “SendGrid has been doing the same thing, but they started by building the industry’s leading developer platform for email. If you’ve been at a hackathon, conference or meetup in the past 10 years you may have seen someone in a red Twilio track jacket and someone in a blue SendGrid hoodie serving developers side-by-side. We’re excited about the opportunity to continue that journey of serving the developers in our community, as one unified platform.”
Dholakia, the CEO of SendGrid said, “Together, we serve more than 140,000 active customer accounts and power more than 600 billion annualized interactions each year. We have a shared vision, a shared model and shared values that will set us up for success. As we join forces today, I’m more confident than ever that we can accelerate our vision of creating one unquestioned platform of choice for developers and companies around the world and help them transform the way they engage with their customers.”
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