Twilio Raises $12M Series B

11/10/10

San Francisco-based Twilio, a two-year-old startup offering developers easier ways to create interactive voice software for call centers and click-to-call Web apps, said this week that it has raised $12 million in Series B venture funding. Bessemer Venture Partners, a new backer, led the round, which also included Union Square Ventures, 500 Startups, and individual investors. Twilio, formerly based in Seattle, raised $3.7 million in Series A funding from Union Square and other investors last December. The new funding was first reported by TechCrunch.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @