LiveKit, a developer of infrastructure software for real-time AI voice and video applications, announced a $100 million funding round at a valuation of $1 billion.
The round, which comes 10 months after LiveKit’s previous financing, was led by Index Ventures with participation from existing investors including Altimeter Capital Management, Hanabi Capital, and Redpoint Ventures.
LiveKit supports OpenAI’s ChatGPT voice mode. The startup’s other customers include xAI, Salesforce, and Tesla, as well as 911 emergency service operators and mental health providers.
The company was founded in 2021 by Russ d’Sa and David Zhao as an open source software project to build an app that could transmit real-time audio and video without interruption at a time when the world was meeting on Zoom during the pandemic.
LiveKit started as a free developer tool, but business took off after its founders realized that larger companies wanted a managed cloud version and began offering such services to enterprises amid the voice AI boom.
