Live video infrastructure startup 100ms raises $20M in Series A

San Francisco and Bengaluru-based startup, which is live video infrastructure-based, 100ms, announced that it had raised $20 million in a Series A round of funding led by Alpha Wave Incubation (AWI).

If we talk about AWI, the company is a $300 million venture fund backed by DisruptAD, ADQ’s venture platform, and managed by Alpha Wave Global.

The funding round of 100ms is also joined by Matrix Partners India and LocalGlobe. The funding was participated by the existing investor's Accel and Strive.vc.

Through the sources, it came to know that in this round of funding, the company is targeting to help developers in building and deploying enterprise-class video applications in hours.

In the list of 100ms customers like-

WhiteHat Jr,
Circle,
Paytm Insider,
Frontrow, and
Kutumb.

The company claims to have witnessed over 20 times growth in usage metrics over the last four months spent.

100ms deals with the product creators to add a list of things like:

live video interactions for online classrooms,
virtual events,
audio rooms,
online communities,
telehealth, and more.

In October 2021, which was the last funding round, the company raised over $4.5 million led by Accel.

EXECUTIVE OPINION:

Anirudh Singh, Managing Director at Falcon Edge's Alpha Wave Incubation, added, “Video-based solutions will be a key driver in the development of B2B and B2C products in a multitude of verticals. By abstracting the complexities of video streaming, 100ms has created a sophisticated, yet easy-to-use product for companies to be able to add high-end, live engagement tools in a cost-effective manner. The market for this is global and through its differentiated GTM, 100ms is poised to be the market leader in this space.”

Kshitij Gupta, CEO at 100ms and former VP, Engineering at Disney-Hotstar, said, “Building and managing video infrastructure at scale is a non-trivial problem for most organizations. Our goal is to make it easy for businesses of all sizes to deliver deeper-than-physical live video experiences within their products in less than half-dozen lines of code.”

Tags : 100ms,100ms news,100ms funding

Startups

Top 10 innovative startup ideas that worked well in 2023.

Posted By news desk

Startups

What do Investors look for in a startup?

Posted By news desk

Live video infrastructure startup 100ms raises $20M in Series A

Tags : 100ms,100ms news,100ms funding

Related Post

Popular Post

Trending Posts