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