100ms, an India and U.S.-based live video conferencing infrastructure startup raised $20 million in Series A funding to power the next generation of live video apps, coming barely five months after closing a seed round.
The round was led by Falcon Edge’s Alpha Wave Incubation, with participation from Matrix Partners India and LocalGlobe and existing investors Accel and Strive.vc. It brings to $24.5 million the total funding raised by the startup.
100ms plans to use the funding to expand the team, including hiring more video engineers, as they work to add more capabilities to the product.
Company: 100ms, Inc.
Round: Series A
Funding Month: March 2022
Lead Investors: Falcon Edge’s Alpha Wave Incubation
Additional Investors: Matrix Partners India, LocalGlobe, Accel and Strive.vc.
Company Website: https://www.100ms.live/
Software Category: Video conferencing Platform-as-a-Service
About the Company: Founded in October 2020 by Kshitij Gupta, Aniket Behera, and Sarvesh Dwivedi. 100ms is enabling product creators to add live video interactions for online classrooms, virtual events, audio rooms, online communities, telehealth, and more. 100ms aims to bring real-life interactions to the virtual world by providing world-class developer tooling for live video. Founded by engineers that built the video infrastructure at Facebook and Disney. 100ms’s mission is to bring real-life interactions to the virtual world seamlessly Over 2,200 organizations have deployed 100ms live video infrastructure since August last year, including edtech firms FrontRow and WhiteHat Jr; Circle, a platform for creators and brands; Paytm Insider, a live events platform; and Kutumb, a community app.
Source: https://techcrunch.com/2022/03/10/100ms-secures-20m-to-power-next-generation-of-live-video-apps/ https://www.100ms.live/blog/series-a-funding-announcement