LiveKit, a developer of infrastructure software program for real-time AI voice and video functions, has introduced the increase of $100 million in funding at a $1 billion valuation.
The spherical, which comes 10 months after LiveKit’s earlier fundraise, was led by Index Ventures with participation from current traders, together with Altimeter Capital Administration, Hanabi Capital, and Redpoint Ventures.
LiveKit powers OpenAI’s ChatGPT voice mode. The startup’s different clients embrace xAI, Salesforce, Tesla, in addition to 911 emergency service operators and psychological well being suppliers.
The corporate was based in 2021 by Russ d’Sa and David Zhao as an open supply software program challenge for constructing apps that may transmit real-time audio and video with out interruptions, in an period when the entire world was assembly on Zoom through the pandemic.
Though LiveKit started as a free developer software, the enterprise took off after the founders realized massive corporations needed a managed cloud model and started offering these providers to enterprises amid the voice AI growth.