Tercera and Twilio back Terazo

The software development and managed services provider from Richmond, Virginia, has raised $10m in strategic funding.

Richmond, Virginia-based Terazo, a software development and managed services provider, announced it raised a funding round of more than $10 million. Tercera, a growth-focused investment and advisory firm specializing in cloud professional services, led the round, which included Twilio.

As part of the funding, Dan Lascell, a partner from Tercera, will join the company board.

Source: Terazo press release