100ms, a video conferencing platform, has received a $20 million investment from Alpha Wave Incubation
100ms, an India-based and US-based live video conferencing infrastructure business, has secured $20 million in Series A funding to fuel the next generation of live video apps just five months after closing its seed round.
Falcon Edge’s Alpha Wave Incubation led the latest round, including Matrix Partners India and LocalGlobe and current investors Accel and Strive.vc. The business has now raised $24.5 million in total capital.
The company was founded in 2020 while the founders were working on a feature that would allow Indians to watch live matches on Disney+ Hotstar, one of India’s top streaming platforms.
“We decided to build a feature, which enabled users to watch matches on the app, and have video calls with their friends to enjoy the match. We researched the solutions available out there and chose one of the existing video SDK providers to do that; it took us four months to get the product working.”Kshitij Gupta, co-founder, and CEO, 100ms
The firm has grown 20 times in the last quarter as demand for their product rises, even though live experiences are still the standard. They plan to use the funds to grow their workforce, including recruiting more video engineers, to enhance the product’s capabilities.