100ms will use funds to hire talent for product innovation as well as exploring new markets
100ms counts WhiteHat Jr, Circle, Paytm Insider, Frontrow and Kutumb, among others as its consumers
An Inc42 find in November 2021,100ms claims to have grown 20X in usage over the last quarter
Bengaluru-based live video infrastructure startup, 100ms has announced its Series A funding round of $20 Mn led by Alpha Wave Incubation (AWI). The round also saw participation from Matrix Partners India and LocalGlobe, alongside existing investors Accel and Strive.vc.
The startup plans to use the funds to hire talent across the world, work on product innovation as well as explore new markets.
Founded by Aniket Behera, Kshitij Gupta and Sarvesh Dwivedi, 100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video. 100ms provides Zoom- and Clubhouse-style audio and video solutions for apps and websites to add live video features to their offerings and ensure a seamless communication experience.
The startup’s software development kits (SDKs) help build conferencing, recording and real-time messaging protocols (RTMP) for live streaming on Facebook, Twitch and similar platforms.
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100ms counts WhiteHat Jr, Circle, Paytm Insider, Frontrow and Kutumb, among others as its consumers. An Inc42 find in November 2021, 100ms claims to have grown more than 20X in usage metrics over the last quarter.
In October 2021, 100ms bagged a seed round of $4.5 from Accel and Strive.vc. It deployed funds to build up its engineering team in Bengaluru to enhance the product with more templates of live use cases.
Following the pandemic, video conferencing space is seeing much more momentum than before with players such as Zoom, Cisco Webex and Microsoft Teams taking up a big share of the corporate video conferencing market. Mukash Ambani-led Reliance Jio, in July 2020, also launched video-conferencing platform Jio Meet to unify video-conferencing tools for enterprises.
Following this, telecom giant Bharti Airtel also got into the video conferencing space by partnering with Verizon-owned video conferencing platform BlueJeans. The platform offers features such as enterprise-grade security, real-time meetings analytics and live meeting controls, among other things.
According to a report by Mordor Intelligence, the global communication platform as a service (CPaaS) market was worth $4.54 Bn in 2020, and is expected to grow to $26.03 Bn in 2026.