Twilio

Twilio grants $3 million to crisis responders

An advertisement at the San Fran airport of Twilio
Twilio is a cloud communications platform based in San Francisco. Photo: Robert Alexander/Getty Images

Communication tech firm Twilio is announcing $3 million in new grants later on Tuesday, aimed at helping more than two dozen crisis services speed up their response time.

Why it matters: A prior round of funding in August focused on larger nonprofits, while these grants reach a number of lesser-known groups providing vital work to those in need. Twilio.org, the company's philanthropic arm, aims to help 1 billion people annually within 10 years.

Twilio to buy SendGrid for $2 billion in stock

Jeff Lawson, founder, CEO and chairman of Twilio talking on a stage with blue back lighting
Jeff Lawson, founder, CEO and chairman of Twilio. Photo: Joan Cros Garcia/Corbis via Getty Images

Twilio (NYSE: TWLO) agreed to buy Denver-based email marketing company SendGrid (NYSE: SEND) for around $2 billion in stock, which works out to an implied price of $36.92 per share (19% premium to Monday's closing price for SendGrid).

Why it matters: Email continues to not be dead, despite all punditry to the contrary.