Twilio acquires email API platform SendGrid for $2 billion in stock

Twilio, the ubiquitous communications platform, today announced its plan to acquire the API-centric email platform SendGrid for about $2 billion in an all-stock transaction. That’s Twilio’s largest acquisition to date, but also one that makes a lot of sense given that both companies aim to make building communications platforms easier for developers. “The two companies […]

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Foundry Group quietly announces a big fat $750 million fund

Foundry Group, the Boulder, Colo.-based venture firm co-founded 11 years ago by startup whisperer Brad Feld, has raised a $750 million seventh fund to target early-stage and growth-stage companies, as well as to invest in other venture funds. It sounds like — and is — a lot of money, though the firm notes that it encompasses all of its […]

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Lessons from cybersecurity exits

Mahendra Ramsinghani Contributor Mahendra Ramsinghani is the founder of Secure Octane, a Silicon Valley-based cybersecurity seed fund. More posts by this contributor Is Symantec getting ready to buy Splunk? Can the security community grow up? To: ceo@cybersecuritystartup.com Subject: Lessons from cybersecurity exits Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO […]

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Email marketer SendGrid up 13% following IPO

 Marketing email company SendGrid had a decent first day on the New York Stock Exchange on Wednesday. After pricing shares at $16, the company closed at $18.03, or up almost 13%. The Denver-based company had raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. SendGrid also upsized its IPO, selling 8.2 million shares, instead of 7.7 million.… Read More

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