14.1 C
New Delhi
Tuesday, December 24, 2024
HomeTechVideo conferencing platform 100ms secures $20 million funding led by Alpha Wave...

Video conferencing platform 100ms secures $20 million funding led by Alpha Wave Incubation


New Delhi: 100ms, a live video conferencing infrastructure startup, on Friday said that it has raised $20 million in a funding round led by Alpha Wave Incubation (AWI), with participation from Matrix Partners India and LocalGlobe, and existing investors Accel and Strive.vc.


The company aims to help developers build and deploy enterprise-class video applications in hours.

Founded in October 2020 by Kshitij Gupta, Aniket Behera and Sarvesh Dwivedi, the platform provides infrastructure that allows a company to add Zoom-like video conferencing inside its app.

“Building and managing video infrastructure at scale is a non-trivial problem for most organizations”, said Gupta, CEO at 100ms. “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.”

The startup previously raised $4.5 million in a funding round led by Accel,
ET reported in October last year.

The Bengaluru-based company counts WhiteHat Jr, Circle, Paytm Insider, Frontrow, and Kutumb among its clients.

Discover the stories of your interest



“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” Anirudh Singh, managing director at Falcon Edge’s Alpha Wave Incubation said.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



Source link

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves