WordsWorth Tech, Inc, which operates software-as-a-service (SaaS) startup StreamAlive, has raised $1.53 million (around Rs 11 crore) in a pre-seed investment round led by the deep-tech focused venture capital firm, Speciale Invest.
Other investors who participated in this funding round include MIT professors, chief executive officers of public companies, micro venture capital funds, and unidentified angel investors.
The company plans to deploy the fresh capital for engineering and product development and to establish multiple signals of product-market fit.
Company: WordsWorth Tech, Inc
Raised: $1.53M
Round: pre-Seed
Funding Month: January 2022
Lead Investors: Speciale Invest
Additional Investors: MIT professors and micro venture capital funds
Company Website: https://www.streamalive.com/
Software Category: Audience engagement application for live stream
About the Company: Founded in 2021 by Lakshmanan Narayan, Joseph Varghese, and Lakyntina Lyngdoh, StreamAlive is a tech-based audience engagement application for live stream events. Its SaaS application will work with all major streaming and meeting platforms and enable true audience engagement at scale. The company has also filed for a provisional patent for its unique cross-platform approach to living audience engagement.
Source: https://www.vccircle.com/speciale-invest-backs-saas-startup-streamalive-in-pre-seed-funding-round