Total amount raised
$1.8 Million
Latest funding date
12/1/2012
Location
Plivo has successfully raised funds through two seed funding rounds, attracting the interest of seven investors, including Qualcomm Ventures and Battery Ventures. The platform integrates voice and SMS capabilities into applications, offering a robust solution for cloud communication.
Keep reading to explore the intricacies of Plivo's fundraising journey and the investors backing this innovative platform.
What Is Plivo?
Plivo is a leading cloud communication platform based in San Francisco, California. The company specializes in integrating voice and SMS capabilities into applications, serving industries such as Audio, Cloud Computing, Developer APIs, Mobile, SMS, and Telecommunications.
Founded by an undisclosed team, Plivo has grown to employ between 251 and 500 people. The platform is trusted by Fortune 500 companies and emphasizes reliability and compliance with industry standards.
How Much Funding Has Plivo Raised?
- Pre-Seed Round
- Amount Raised: USD 250,000
- Date: December 2011
- Lead Investors: One97 Mobility Fund, Seeders
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Plivo's platform.
- Seed Round
- Amount Raised: USD 1,750,000
- 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, and expand the platform to support video and WebRTC.
Total Amount Raised: USD 2,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, a global leader in wireless technology and innovation. They focus on early to growth-stage companies that are pioneering new technologies.
- Investment Focus Areas: Mobile technology, semiconductors, telecommunications
- Notable Investments: Xiaomi, Waze, Fitbit
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of their growth. They have a history of backing innovative companies in various sectors.
- Investment Focus Areas: Software, IT infrastructure, consumer technology, industrial technology
- Notable Investments: Nutanix, Coupa Software, Glassdoor
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. They are known for investing in early-stage startups across a wide range of sectors.
- Investment Focus Areas: Software, consumer, enterprise, bio/healthcare, fintech
- Notable Investments: Facebook, Airbnb, Slack
- SV Angel
- Details: SV Angel is an angel investment firm that provides seed funding to early-stage companies. They have a strong focus on technology startups.
- Investment Focus Areas: Internet, software, consumer technology
- Notable Investments: Twitter, Dropbox, Airbnb
- One97 Mobility Fund
- Details: One97 Mobility Fund is an investment arm of One97 Communications, a leading mobile internet company in India. They focus on investing in innovative startups in the mobile space.
- Investment Focus Areas: Mobile internet, digital payments, e-commerce
- Notable Investments: Paytm, Paytm Mall, Insider.in
What's Next for Plivo?
Plivo's future looks promising as it plans to expand its API platform to support video and WebRTC, tapping into the growing demand for integrated communication solutions. This expansion could significantly increase its enterprise customer base, which is already experiencing a 30% month-over-month growth rate.
Given the rapid growth and ambitious expansion plans, Plivo may seek additional funding to support further development and market penetration. However, the company will need to navigate challenges such as competition from established players like Twilio and the complexities of scaling their infrastructure to meet increased demand.
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