Live video infrastructure platform 100ms has announced a $4.5M seed round of funding led by Accel with participation from Strive.vc.
100ms provides infrastructure that allows any company to add video conferencing inside their app
within hours. It was founded by the team that built live video infrastructure powering
billions of video minutes a day at Facebook and Disney.
Kshitij Gupta, Aniket Behera and
Sarvesh Dwivedi launched 100ms in October 2020 with a view to democratise access to
live video infrastructure for everyone.
Having operated in beta for a long period, they launched
SDKs that allow developers to add Zoom-quality video to their apps in hours, instead
of months.
The market for live audio/video infrastructure services is forecast to grow from $4.2B
in 2019 to $17.7B in 2024. The rapid growth is being driven by enterprises
across industries who are unbundling Zoom - edtech, telehealth, retail, gaming, fitness, social networks, virtual events.