2023 has been an exciting year for the technology sector. Artificial intelligence (AI) advancements have enthusiasm rising across many different industries and use cases. As a result, several names in tech have witnessed ballooning valuations.

But one company has been quietly flying under the radar. Communications and customer engagement platform (NYSE: TWLO) has been no stranger to challenges this year. While the stock is up over 20%, it is down significantly from its highs a couple of years ago.

That said, Ark Invest CEO Cathie Wood has been an avid buyer of Twilio for the last couple of years. The technology investor has accumulated almost 7 million shares of Twilio, spread across three of her exchange-traded funds. Moreover, I believe that Wood has done a stellar job showing her support, as evidenced by consistently dollar-cost averaging into the stock throughout its volatile price movements.

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Source Fool.com