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…

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