Live video infrastructure startup 100ms is in talks to raise $15-18 million in a new round of funding from new and existing investors. The Bengaluru-based startup raised a $4.5 million seed fund led by Accel with participation from Strive three months ago. vc.
“100ms is finalising a $15-18 million round in which Falcon Edge’s Alpha Wave, Matrix and Accel will be the lead investors,” said one of the sources on condition of anonymity. “The round may also see participation from a couple of new investors and some angels.”
100ms offers a suite of software development kits or SDKs that allow developers to incorporate audio and video capabilities into their apps and websites. It offers customisable SDKs that let developers add Zoom-quality video to their apps in hours.
Kshitij Gupta, Aniket Behera, and Sarvesh Dwivedi, the founders, had previously built live video infrastructure at Facebook and Disney. Paytm Insider, BookMyShow, Townscript, FLYX, and Circle are among the company’s clients.
“The deal is likely to be closed in a few weeks from now and 100ms is seeking a $100 million plus valuation in this round,” said the second source.
Queries sent to 100ms, Alpha Wave, Accel and Matrix did not elicit an immediate response. We’ll update the post in case they respond.
100ms targets industries such as edtech, telehealth, gaming retail, fitness, and audio rooms. Apart from Bengaluru, 100ms has offices in San Francisco and Seattle to tap into global clients.
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