LiveKit

LiveKit

About LiveKit

Simplify's Rating
Why LiveKit is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

AI & Machine Learning

Gaming

Company Size

11-50

Company Stage

Series A

Total Funding

$35.2M

Headquarters

San Jose, California

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

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Funded Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • LiveKit raised $22M in Series A funding to expand its platform capabilities.
  • The demand for real-time video communication tools is surging in remote work sectors.
  • The global market for AI-driven multimodal applications is projected to grow significantly.

What critics are saying

  • Increased competition from tech giants like Google and Amazon threatens LiveKit's market share.
  • Rapid AI advancements could render LiveKit's offerings obsolete without continuous innovation.
  • Over-reliance on partnerships with OpenAI and Cerebras poses a risk if they dissolve.

What makes LiveKit unique

  • LiveKit offers a free, open-source infrastructure for real-time audio and video applications.
  • Partnerships with OpenAI and Cerebras enhance LiveKit's multimodal AI application capabilities.
  • LiveKit's platform supports the latest 5G technology for improved real-time application performance.

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Funding

Total Funding

$35.2M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$22.2M
LiveKit
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Remote Work Options

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 2%

2 year growth

↑ 2%
LiveKit
Oct 3rd, 2024
OpenAI and LiveKit partner to turn Advanced Voice into an API

LiveKit Incorporated is releasing a new Multimodal Agent API which has built-in support for OpenAI's brand new Realtime API.

Business Wire
Aug 27th, 2024
Cerebras Launches the World's Fastest AI Inference

"LiveKit is excited to partner with Cerebras to help developers build the next generation of multimodal AI applications.

HPCwire
Aug 27th, 2024
Cerebras Launches New Inference Offering with Bold Performance Claims

"LiveKit is excited to partner with Cerebras to help developers build the next generation of multimodal AI applications.

Finsmes
Jun 5th, 2024
LiveKit Raises $22M in Series A Funding

LiveKit, a San Jose, CA-based provider of a platform for building and scaling voice applications, raised $22M in Series A funding.

LiveKit
Jun 4th, 2024
LiveKit's Series A: Infra for the AI computing era

LiveKit has raised $22.5M in additional funding to build infrastructure for realtime voice and video-driven AI applications.

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