Total amount raised
$1.8 Million
Latest funding date
12/1/2012
Location
Plivo has successfully raised funding through multiple rounds, attracting a diverse group of investors. The platform offers robust APIs for SMS, voice, and SIP trunking, enabling businesses to enhance their communication capabilities.
Keep reading to delve into the details of Plivo's funding journey and the investors who have backed this innovative communication platform.
What Is Plivo?
Plivo, founded in April 2011 by Michael Ricordeau and Venky Balasubramanian, is a cloud communication platform based in San Francisco, California. The company specializes in providing APIs and SDKs for integrating voice and SMS capabilities into applications.
With a workforce of 251-500 employees, Plivo has established direct relationships with over 1600 local carrier networks, ensuring reliable connectivity in 195 countries. Their product offerings include SMS API, Voice API, Zentrunk, Plivo Browser SDK, PHP SDK, and Verify API.
Plivo's solutions are trusted by thousands of businesses globally, simplifying and personalizing customer communications through their robust platform.
How Much Funding Has Plivo Raised?
- Pre-Seed Round
- Amount Raised: $250K
- Date: December 2011
- Lead Investors: One97 Mobility Fund, Seeders
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their communication platform and establish initial market presence.
- Seed Round
- Amount Raised: $1.8M
- Date: December 2012
- Lead Investors: Andreessen Horowitz, Battery Ventures, Qualcomm Incorporated, SV Angel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development, grow sales and marketing efforts, and expand the platform to support video and WebRTC.
Total Amount Raised: $2.05M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Menlo Park, California. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, software, internet, biotechnology.
- Notable Investments: Facebook, Twitter, Airbnb.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. It invests in companies at all stages of their growth.
- Investment Focus Areas: Software, IT infrastructure, industrial technology.
- Notable Investments: Nutanix, Coupa Software, Glassdoor.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the corporate venture capital arm of Qualcomm Incorporated. It invests in companies that are strategically relevant to Qualcomm's business.
- Investment Focus Areas: Mobile, wireless, internet technologies.
- Notable Investments: Zoom, Waze, Fitbit.
- SV Angel
- Details: SV Angel is an angel investment firm based in Silicon Valley. It focuses on early-stage investments in technology startups.
- Investment Focus Areas: Technology startups.
- Notable Investments: Twitter, Dropbox, Airbnb.
- One97 Mobility Fund
- Details: One97 Mobility Fund is a venture capital firm that invests in early-stage technology companies. It is part of One97 Communications, the parent company of Paytm.
- Investment Focus Areas: Fintech, mobile technology, e-commerce.
- Notable Investments: Paytm, Paytm Mall, Paytm Payments Bank.
What's Next for Plivo?
Plivo stands at the cusp of significant growth opportunities, particularly with the expansion of their API platform to support video and WebRTC. The increasing demand for cloud-based telephony solutions positions Plivo to capture a larger market share, especially as enterprises seek more flexible and reliable communication platforms.
Given their rapid growth and ambitious expansion plans, future fundraising seems likely. Additional capital could fuel further product development and market penetration, potentially attracting more enterprise customers. However, Plivo will need to navigate challenges such as competition from established players like Twilio and ensuring service quality while scaling up.
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