100ms raises $20M Series A to empower businesses to deploy enterprise-grade live video apps in hours

• Beyond Zoom: 100ms is enabling product creators to add live video interactions for online classrooms, virtual events, audio rooms, online communities, telehealth, and more
• Traction: The company recently raised a $4.5M seed round in October 2021, 100ms reports 20x growth in product usage in the last quarter

11th March 2022. Bengaluru: Live video infrastructure startup, 100ms, today announced their Series A funding round of $20M led by Alpha Wave Incubation (AWI). The round is joined by Matrix Partners India and LocalGlobe, along with participation from existing investors Accel and Strive.vc.

"Building and managing video infrastructure at scale is a non-trivial problem for most organizations', said Kshitij Gupta, CEO at 100ms and former VP, Engineering at Disney-Hotstar. "Our goal is to make it easy for businesses of all sizes to deliver deeper-than-physical live video experiences within their products in less than half-dozen lines of code.'

"Zoom and similar products helped us through the surge in digital adoption. We are missing one very important fact though - real 1:1 experiences cannot always be boxed into Zoom video tiles. Our belief is, going forward all companies will embed video experiences into their apps. 100ms provides the best-in-class infrastructure to power these video experiences', shares Abhinav Chaturvedi, Partner at Accel, on the continuation of the partnership from the seed stage.

"Video-based solutions will be a key driver in the development of B2B and B2C products in a multitude of verticals. By abstracting the complexities of video streaming, 100ms has created a sophisticated, yet easy-to-use product for companies to be able to add high-end, live engagement tools in a cost-effective manner. The market for this is global and through its differentiated GTM, 100ms is poised to be the market leader in this space.' Anirudh Singh, Managing Director at Falcon Edge's Alpha Wave Incubation, commented on leading the round.

With customers like WhiteHat Jr, Circle, Paytm Insider, Frontrow, and Kutumb, 100ms announced that it has witnessed over 20X growth in usage metrics over the last quarter. With this round of funding, the company aims to help developers build and deploy enterprise-class video applications in hours.

"Mainstream video conferencing solutions are good enough, but not best-in-class for someone building a video-first business. Whether it's for online fitness, e-learning, gaming, or shopping, we're very early in the journey of video-first experiences and the 100ms team has built a great product with phenomenal early traction. We're excited to partner with Kshitij and Aniket in building a video-first future," said Pranay Desai, Principal, Matrix India.

About 100ms:
100ms aims to bring real-life interactions to the virtual world by providing world-class developer tooling for live video. Founded by engineers that built the video infrastructure at Facebook and Disney, 100ms's vision is to build rich, bespoke, and deeper-than-physical experiences for businesses and people. For more information, visit https://100ms.live or follow @100mslive.

About Alpha Wave Incubation:
Alpha Wave Incubation (AWI) is a $300 million venture fund backed by DisruptAD, ADQ's venture platform, and managed by Alpha Wave Global. AWI has a dedicated team across London, Bangalore and Abu Dhabi. The fund invests in early-stage tech-enabled, disruptive start-ups in India and Southeast Asia. In addition to providing outstanding founders with early-stage capital, AWI offers access to an unrivaled set of support mechanisms for business-building, while also helping companies expand globally and open up new markets in the GCC/MENA region and beyond.

About LocalGlobe:
LocalGlobe is a London-based venture capital firm focused on seed investments, primarily in the UK. Backing ambitious founders since 1999 including Wise, Zoopla, Improbable, Oxford Nanopore, Graphcore, Cazoo, Improbable, Zego, Multiverse, TravelPerk and Robinhood.

About Accel:
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, Browserstack, Flipkart, Freshworks, FalconX, Chargebee, Clevertap, Cure Fit, Musigma, Moneyview, Myntra, Moglix, Ninjacart, Swiggy, Stanza Living, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or https://twitter.com/Accel_India.

About Strive.vc:
STRIVE is a B2B/SaaS-focused fund with over 80 investments across India, Southeast Asia, and Japan, and managing over $200M in AUM. The firm has invested in several dev infra and SaaS companies in India including Hasura, Testsigma, and Classplus.

About Matrix Partners India:
Matrix Partners India is an investment firm with approximately $1 billion under management. Founded in 2006, the firm invests in Indian companies targeting the consumer and enterprise market at seed, early, and early growth stages. Matrix India has invested in several market-leading companies such as Ola (mobility), Dailyhunt (mobile local language platform), Razorpay (payments), OfBusiness (B2B Commerce, fintech), Five Star Business Finance (SME lending), Ola Electric (electric vehicles), DealShare(social commerce platform), Stanza Living (tech-enabled student housing platform), OneCard (mobile-first credit card), Country Delight (D2C dairy & fresh foods brand), GoKwik (e-commerce enablement platform), Captain Fresh (seafood marketplace), Bijnis(B2B platform for factories), MoEngage (intelligent marketing cloud platform), Superops(MSP software), Zupee (skill-based gaming app), Rocketlane (customer onboarding software) and Itilite (corporate travel SaaS platform) among others.Matrix India has advisory offices in Bangalore, Delhi, and Mumbai. Matrix Partners has a global network of funds investing in the US, China, and India, with approximately $5 billion under management. Further information is available at www.matrixpartners.in. To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast.