Live video infrastructure startup, 100ms has raised US$20 million in its Series A funding round led by Alpha Wave Incubation (AWI). AWI is a venture fund backed by ADQ’s venture platform, DisruptAD and is managed by Alpha Wave Global.
The funding round was joined by LocalGlobe and Matrix Partners India along with existing investors Strive.vc and Accel.
“The funds will be used to hire talent across the world, product innovation and for exploring new markets,” 100ms Co-founder and CEO Kshitij Gupta said in a statement.
100ms platform brings real-life interactions to the virtual platforms by offering developer tooling for live video.
“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, MD at Falcon Edge’s Alpha Wave Incubation, commented on leading the round.
Abhinav Chaturvedi, partner at Accel said, “Zoom and similar products helped us through the surge in digital adoption. We are missing one very important fact though – real 1:1 experiences cannot always be boxed into Zoom video tiles. Our belief is, going forward all companies will embed video experiences into their apps. 100ms provides the best-in-class infrastructure to power these video experiences.”
About 100ms
100ms was founded in 2020 by former Disney Hotstar and Facebook executives Aniket Behra , Kshitij Gupta, and Sarwesh Dwivedi.
The startup offers technology infrastructure that makes it simpler for companies to add Zoom-like video conferencing on their platforms. It enables product creators to add live video interactions for virtual events, online classrooms, online communities, audio rooms, telehealth, and more.
100ms has on-boarded customers like Paytm Insider, WhiteHat Jr, Kutumb, and Frontrow. The company announced that it has witnessed 20 times growth in usage metrics over the last quarter when it closed its seed funding round of US$4.5 million.
With the new funding, 100ms aims to help developers build and deploy enterprise-class video applications in hours.
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