LiveKit, a developer of infrastructure software for real-time AI voice and video applications, has announced Raising $100 million funding at a valuation of $1 billion.
This round comes ten months after LiveKit Previous FundraisingThe round was 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 build apps that can broadcast real-time audio and video without interruption, in an era when the entire world was meeting on Zoom during the pandemic.
Although LiveKit started as a free developer tool, the business took off when the founders realized that larger companies wanted a managed cloud version and began providing those services to enterprises amid the voice AI boom.
