Daily Raises $40 Million in Series B  

by Kay Aloha Villamor in December 29th, 2021

Daily, a San Francisco, CA-based WebRTC developer platform, raised $40 million in Series B funding to support the expansion and growth of its video and audio API offerings. This brings the total funding for Daily to more than $60 million. 

The round was led by Renegade Partners, with new investors including Heritage Group, Cendana Capital, and Sean Rose, and participation from current investors including Lachy Groom, Tiger Global, Freestyle Ventures, Root VC, Slack Fund, Moxxie, Haystack Ventures, Todd & Rahul's Angel Fund, David Eckstein and Aston Motes. 

Joining the board are Roseanne Wincek, Co-Founder and Managing Director of Renegade Partners, and Lee Edwards, Partner at Root Ventures.

Company: Pluot Communications, Inc

Raised: $40.0M

Round: Series B

Funding Month: November 2021

Lead Investors: Renegade Partners

Additional Investors: Heritage Group, Cendana Capital, and Sean Rose, Lachy Groom, Tiger Global, Freestyle Ventures, Root VC, Slack Fund, Moxxie, Haystack Ventures, Todd & Rahul's Angel Fund, David Eckstein, and Aston Motes

Company Website: https://www.daily.co/

Software Category: WebRTC developer platform

About the Company: Daily, the leading WebRTC developer platform, is how companies build today's video and audio experiences. Our platform of APIs and global infrastructure support powerful features, scale and security, and unmatched call quality and reliability. Companies from high-growth teams to the enterprise, like AppFolio, HotDoc, Pitch, Teamflow, and Kumospace, rely on Daily to power video and audio features. With two lines of code, a developer can add Daily Prebuilt to any product. A plug-and-play video call, Daily Prebuilt includes out-of-the-box features like recording, 15+ languages, and HIPAA compliance support. Developers also can build complex, custom video layouts redefining video UI/UX. Daily calls work across browsers and devices and handle the challenges of real-world networks, with platform features including peer-to-peer/server smooth switching, track subscriptions, multiple recording modes, and call quality data visualizations. Its live streaming support enables multi-participant calls to be broadcast to media players or third-party platforms, like Facebook Live and YouTube. The platform is SOC 2 Type 1 compliant. It provides a secure infrastructure with data centers worldwide and rock-solid uptime.

Source: https://www.prnewswire.com/news-releases/daily-raises-40-million-led-by-renegade-partners-to-scale-its-webrtc-video-and-audio-apis-for-developers-301420799.html



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