LiveKit, a pioneering company in real-time AI voice and video technology, has successfully secured $100 million in funding, bringing its valuation to an impressive $1 billion. This funding round, which marks a significant milestone for the firm, was led by Index Ventures and saw contributions from existing backers including Altimeter Capital Management, Hanabi Capital, and Redpoint Ventures.
Notably, LiveKit provides the voice capabilities for OpenAI’s ChatGPT, enhancing user interaction through voice modes. Its diverse clientele extends to notable names such as xAI, Salesforce, and Tesla, along with critical services like 911 emergency response and mental health support.
Founded in 2021 by tech entrepreneurs Russ d’Sa and David Zhao, LiveKit originated as an open-source project aiming to facilitate seamless audio and video communication. The company rapidly evolved during the pandemic, initially offering its services as a free developer tool before transitioning to provide managed cloud solutions tailored for enterprises in response to the growing demands of voice AI.
Key Highlights:
– LiveKit achieves $1 billion valuation following a $100 million funding update.
– Led by Index Ventures, with backing from prominent investors.
– Powers ChatGPT’s voice features while serving a range of industries.
– Transitioned from an open-source project to a managed cloud service provider.
