Real-Time Video And Audio Developer Daily Raises $15 Million

By Annie Baker ● March 23, 2021
  • Daily — a leading real-time video and audio developer platform — announced that it has raised its $15 million in Series A led by Lachy Groom. These are the details.

Daily — a leading real-time video and audio developer platform — announced that it has raised its $15 million in Series A led by Lachy Groom with participation from Tiger Global and existing investors. And Daily has raised $22 million total and will use the investment to support the growth of its WebRTC API offerings for developers and enterprise customers.

The developers using Daily can rapidly add real-time video and audio features to any app or site for video calls, audio-only apps, webinars, live classes, interactive collaboration, ecommerce, customer support, IoT and robotics, and use cases across verticals. And the company saw 30x organic growth over the last year and has more than tripled its headcount in this period with the majority of the engineering team with over 10 years of experience.

Video and audio calls have seen rapid growth across all verticals, yet scaling and supporting WebRTC audio and video is a resource-intense endeavor. And Daily handles all the complexities of delivering high-quality real-time calls across devices, browsers, networks, and firewalls.

Daily’s developer focus has led to industry-leading innovations like leading call quality visualizations and a secure, fully-featured, and prebuilt call widget that can be embedded with two lines of code. And developers can also use Daily’s front-end libraries to build customized video layouts. Plus Daily calls support up to 1,000 participants, compared to an industry average of 50.

KEY QUOTES:

“We emphasize delivering the best developer experience for all developers, across use cases. We are focused on hiring engineers as we further scale services and are growing our enterprise sales function, to follow up on our long-time commitment to security and compliance, as reflected in our SOC 2 Type 1 compliance, plans for Type 2 in 2021, and a HIPAA compliant version unique in the marketplace.” 

“Companies don’t want to lose control over their brand, product, and data when users join calls. Having video and audio features now is table stakes. Developers require a platform focused on WebRTC video and audio, so they build quality in-app features and a stellar collaboration experience.”

— Kwindla Hultman Kramer, Daily’s cofounder and CEO