100ms raises $4.5 million in seed funding from Accel, others
The capital raised will be used to build the engineering team and for product enhancement, according to a statement released on Tuesday.
100ms has 35 members at present and intends to scale it to 75 by April-June 2022. The Bengaluru-based startup will also open offices in Seattle and San Francisco to tap into a global clientele.
Founded in October 2020 by Kshitij Gupta, Aniket Behera and Sarvesh Dwivedi, who were previously with Disney+ Hotstar, 100ms provides infrastructure that allows a company, in any sector, to add Zoom-like video conferencing inside their app. The startup counts Paytm Insider, BookMyShow, Townscript and Circle among its clients.
“Being a video engineer all my life, I understand the complexity of adding live video at scale. For a long time, this infrastructure has only been available to very few developers,” Gupta, who is also the chief executive of the company, said.
“We started 100ms to build live video infrastructure for the world. Our SDKs (software development kits) are supported on all platforms — including iOS/Android/web — and are equipped to build high-quality video along with all the edge cases in just a few lines of code.”
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Paytm has been waiting for more than a year for regulators to approve its acquisition of general insurance firm Raheja QBE. Now, it is on the verge of bringing on board a Swiss veteran of the insurance business as a strategic partner.
According to the company, the market for live audio and video infrastructure services was buoyed by the pandemic. The rapid growth is being driven by enterprises across industries who are unbundling Zoom, it said.
“We believe all apps in the future will have video and audio embedded in them,” Accel partner Abhinav Chaturvedi said. “100ms is the best team to create the best in class developer product to enable this.”
“An open extendable platform, built by experts in audio/video streaming, and supported by a budding engaged community instantly convinced us that the 100ms team is building a global-leading dev infra company,” Strive.vc partner Nikhil Kapur said.