100ms, the stay video conferencing infrastructure startup primarily based in India, has raised $20 million in Collection A funding to energy the following era of stay video apps, coming barely 5 months after they closed the seed spherical.
This newest spherical was led by Falcon Edge’s Alpha Wave Incubation, with participation from Matrix Companions India and LocalGlobe, and current buyers Accel and Try.vc. It brings to $24.5 million the overall funding raised by the startup.
The startup was based in 2020 throughout covid lockdown with its founders eager to construct an app that may allow individuals in India to observe stay matches.
“We determined to construct a product, which enabled customers to observe matches on the app, and have video calls with their pals to benefit from the match. We researched the options obtainable on the market and selected one of many current video SDK suppliers to try this; it took us 4 months to get the product working,” 100ms co-founder and CEO, Kshitij Gupta advised TechCrunch.
“And that’s when it began, we have been like no, on this new world, the place most experiences are going to be by way of stay movies it mustn’t take 4 months to construct such platforms,” added Gupta, who co-founded the startup with Aniket Behera and Sarvesh Dwivedi.
The trio had beforehand labored at Disney-Hotstar, one of many largest streaming platforms in India, with Gupta having additional expertise as stay video infrastructure mission supervisor at Meta.
The problem they skilled to construct the app impressed them to create stay video infrastructure to permit corporations, starting from these in edtech, health and leisure so as to add Zoom-like video conferencing inside their apps and livestream the apps to platforms like YouTube and Fb.
It took them about 9 months to construct the brand new product, making it doable for corporations to combine, check and go stay inside every week.
“Most corporations draw back from constructing this know-how as a result of it is vitally advanced…We’re focusing on any enterprise attempting to embed video inside their utility. It could possibly be an edtech firm doing on-line lessons, a well being tech firm who’s doing telehealth calls between a health care provider and a affected person or someone promoting one thing through stay commerce,” mentioned Gupta.
The startup has skilled 20 occasions progress during the last quarter as demand for his or her product continues to rise whilst stay experiences proceed to be the norm. Since August final yr over 2,200 companies have used 100ms stay video infrastructure together with the Frontrow and WhiteHat Jr; each edtech platforms, Circle; a platform for creators and types, Paytm Insider; a stay occasions platform and Kutumb; a neighborhood app.
“I feel the explanation why numerous this acceleration has occurred is as a result of we cut back integration time. We additionally wish to construct template fashions that corporations can use to customise the stay occasions for a extra real-world expertise…for us, we really feel that this would be the starting of our metaverse journey,” mentioned Behera, who started-off as a banker earlier than pivoting to a profession in tech.
They plan to make use of the funding to develop its staff together with hiring extra video engineers, as they work so as to add extra capabilities to the product.
Falcon Edge’s Alpha Wave Incubation’s managing director, Anirudh Singh, whereas commenting about investing in 100ms mentioned, “On-line gyms are asking trainees to report their accidents. On-line colleges are including libraries, and enabling 1-1 assist periods. On-line courting apps want to recreate higher digital assembly experiences. 100ms is enabling product makers to think about and add subtle live-engagement, by abstracting the complexities of video streaming.”