Kul Bhushan · · 1 min readLive-video infrastructure firm streams in $20m series A money
India- and US-based 100ms, a live-video infrastructure platform, has raised US$20 million in a series A funding round led by Alpha Wave Incubation, with participation from Matrix Partners and LocalGlobe.
Photo credit: 100ms
Accel and Strive, which participated in the company’s US$4.5 million fundraise in October last year, also joined the new round.
Founded in 2020 by former Facebook and Disney Hotstar executives Kshitij Gupta, Aniket Behera, and Sarvesh Dwivedi, 100ms provides technology infrastructure that makes it easier for companies to add Zoom-style video conferencing on their platforms.
The startup has onboarded customers such as WhiteHat Jr. and Paytm Insider. It also recorded a 20x growth in product usage in the last quarter.
The global market for live video and audio infrastructure is projected to grow from US$4.2 billion in 2019 to US$17.7 billion in 2024, according to an IDC report.
See also: How India’s tech titans square up against Chinese peers
Editing by Collin Furtado and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
