On June 4, 2024, AI audio and video infrastructure platform startupLiveKitannounced it has raised $22.5 million in Series A funding. The round was led by Altimeter, with support from Redpoint and distinguished AI-focused individuals including Jeff Dean, Elad Gil, Aravind Srinivas, Amjad Masad, Guillermo Rauch, Logan Kilpatrick, Mati Staniszewski, Erik Bernhardsson, Rohan Anil, Mckay Wrigley, Demi Guo, and Matt Shumer.
LiveKit plans to use the raised funds to solidify its position as the default technology stack for building real-time voice and video applications, expand its AI infrastructure services, and develop new products to serve new use cases.
LiveKit was founded in 2021 with the aim of building a real-time platform similar to the human nervous system to support voice and video input and output for artificial intelligence models. The company's main business is providing a flexible, open-source technology stack that enables any developer to build any type of real-time voice or video-based application. LiveKit has been adopted by over 20,000 developers, including some of the most valuable private companies, Fortune 50 enterprises, 911 emergency dispatch, AI assistants, support and service agents, NPCs in video games, autonomous vehicles, trucks, tractors, and spacecraft for telemetry and observation, security cameras and door locks, as well as surgical robots and human surgeons in operating rooms. In addition, LiveKit has partnered with the OpenAI and Character.ai teams to provide vision, hearing, and language capabilities to their AI models.
(Source:LiveKit Blog)