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Twilio Raises $17 Million Series C Funding

Twilio has raised a $17 million Series C round of funding from Bessemer Venture Partners and Union Square Ventures, who were also investors in Twilio’s Series B round.

The Series C round comes at the end of an eventful 2011 for Twilio. This year, the company grew its customer base by 400 per cent to nearly 75,000 developers, says the company, expanded its offering overseas to Europe, and expanded its product line with the introduction of SMS Short Codes, Twilio Client and Twilio Connect. The company now employs nearly 100 people, with most located at its San Francisco headquarters.

Twilio, which announced its product availability in the United Kingdom in October, plans to continue its expansion into Europe. The company also opened a office in London.

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ArmorCode raises $40M

Palo Alto, Calif.-based ArmorCode, a company specializing in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has raised a $40 million Series B funding round.

IBM unveils Heron processor and Quantum System Two

IBM unveiled the Quantum Heron processor at the company's annual Quantum Summit in New York on Monday, along with Quantum System Two, a modular quantum computer featuring three IBM Heron processors. 

Microsoft joins OpenAI’s board with Sam Altman officially back as CEO — The Verge

Sam Altman is officially OpenAI’s CEO again, writes Alex Heath. 

AWS, Salesforce expand strategic partnership

Amazon Web Services (AWS) and Salesforce announced an expansion of their global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and for the first time offering select Salesforce products on the AWS Marketplace.