[Funding alert] 100ms raises $20 mn in Series A funding round

Live video infrastructure startup 100ms has raised $20 million in Series A funding round from Falcon Edge’s Alpha Wave Incubation (AWI). AWI is backed by DisruptAD, ADQ’s venture platform, and managed by Alpha Wave Global.

In this round existing investors Accel and Strive.vc and Matrix Partners India and LocalGlobe also participated.

The company said that fund will use to help developers build and deploy enterprise-class video applications in hours.

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

San Francisco based startup founded in October 2020 during the lockdown by Kshitij Gupta, Aniket Behera and Sarvesh Dwivedi, 100ms is a live-video infrastructure platform that provides subscription based products to its customers. The company provides a low-code solution for companies that want to add video and audio conferencing within their own applications on iOS, Android & Web SDKs.

“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.” Said, Abhinav Chaturvedi, Partner at Accel.

100ms has customers such as WhiteHat Jr., Circle, Paytm Insider, Frontro and Kutumb, and the company announced that it has seen over 20X growth in usage metrics over the past quarter.

“Mainstream video conferencing solutions are good enough, but not best-in-class for someone building a video-first business. Whether it’s online fitness, e-learning, gaming, or shopping, we’re very early in the journey of video-first experiences and the 100ms team has built a great product with phenomenal early traction,” said Pranay Desai, Principal, Matrix India.