The customer engagement software provider’s Twilio Ventures unit is the latest SaaS-focused corporate VC fund, following recent initiatives by Hubspot and Zoom.
US-based enterprise communication platform operator Twilio formally launched a $50m corporate venture capital (CVC) vehicle called Twilio Ventures yesterday.
Founded in 2008, Twilio has built a communication-oriented application programming interface (API) tool that enables developers to design and customise in-house voice, text, chat, video and email-based platforms.
The company had been backed by investors including e-commerce and cloud technology group Amazon and enterprise software provider Salesforce before it went public in 2016. The corporates also target investments in software-as-a-service…
