SendBird snags $52M Series B to expand messaging API tool

TechCrunch | 2/19/2019 | Staff
lhumara (Posted by) Level 3
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SendBird, a San Francisco area startup, helps developers add messaging to their apps with a couple of lines of code. It’s an idea similar to Stripe for payments or Twilio for communications. Today, the company announced a $52 million Series B investment.

The round was led by Iconiq Capital. Existing investors Shasta Ventures, August Capital, Y Combinator, and Funders Club also participated. Today’s investment brings the total raised to over $70 million, according to Crunchbase. Y Combinator is contributing to this round and SendBird was actually a member of the 2016 winter class.

Company - Ability - Apps - Fuss - Label

The company gives developers the ability to add messaging to their apps without a fuss.”We are a very flexible, fully customizable, white label messaging capability. We come with a fully managed infrastructure. So basically, you can log into any mobile applications or websites out there, and use our messaging capability,” company founder and CEO John Kim explained.

Kim says it is applicable in any application that requires communication. That could be online gaming, dating apps or an on-demand delivery service — any case where two people need to communicate quickly. It provides the value prop of any API-driven service in that it enables developers to add messaging capability to an application with...
(Excerpt) Read more at: TechCrunch
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