Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.

Update: This story has been updated to correct factual errors. The company does not use SMS texting as part of its service.

SMS Assist, founded 13 years ago, has just raised $150 million, in a fourth round of funding, an announcement we published earlier today.

The New York Times subsequently reported the $1 billion valuation.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.