Brief
Published:
LiveKit, a developer of infrastructure software for real-time AI voice and video applications, has announcement raising $100 million in funding at a valuation of $1 billion.
The cycle, which comes 10 months after that of LiveKit previous fundraiserwas led by Index Ventures with participation from existing investors including Altimeter Capital Management, Hanabi Capital and Redpoint Ventures.
LiveKit powers OpenAI’s ChatGPT voice mode. The startup’s other customers include xAI, Salesforce, Tesla, as well as 911 emergency service operators and mental health providers.
The company was founded in 2021 by Russ d’Sa and David Zhao as an open source software project to create applications capable of transmitting real-time audio and video without interruption, at a time when the entire world was meeting on Zoom during the pandemic.
Although LiveKit started as a free development tool, the business took off after the founders realized that large companies wanted a managed cloud version and began providing these services to businesses amid the voice AI boom.
Newsletters
Subscribe to receive the biggest tech news in the industry