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[Funding News] CA-based LiveKit Secures $22Million in Series A Round Funding

LiveKit, a provider of a platform for building and scaling voice applications, secures $22million in series A round funding.

LiveKit, a provider of a platform for building and scaling voice applications, secures $22million in series A round funding.

Altimeter Capital led the investment, with Redpoint Ventures and angel investors Jeff Dean, Elad Gil, Aravind Srinivas, Ahmad Masad, and Guillermo Rauch also participating.

Read also – [Funding News] TX-based Vantage Discovery Secures $16Million in Series A Round Funding

The money will be used by the business to grow both its operations and growth initiatives.
It is an open-source realtime platform that lets developers integrate speech, video, and data capabilities into their apps. The platform is led by CEO Russ D’Sa. It is used by more than 20,000 developers and teams, including both private enterprises and lone hackers.

About LiveKit

The network of LiveKit is designed for enormous scalability, tremendous resilience, and extremely low latency. Build that nervous system with LiveKit. Realtime systems were created especially for online meetings between humans back in 2021.

In their future, real-time audio and visual communication would be just as important to an application as a database. A versatile, open-source stack would be required in that future so that developers could create any kind of real-time audio or video application.

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