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Daily Raises $40 Million Led By Renegade Partners To Scale Its Webrtc Video And Audio Apis For Developers

Nov 10, 2021•over 3 years ago

Amount Raised

$40 Million

San Francisco

Description

Daily, the WebRTC developer platform, has raised $40M in Series B funding to support the expansion and growth of its video and audio API offerings. This brings the total funding for Daily to more than $60 million. This round was led by Renegade Partners, with new investors including Heritage Group, Cendana Capital, and Sean Rose, and participation from current investors including Lachy Groom, Tiger Global, Freestyle Ventures, Root VC, Slack Fund, Moxxie, Haystack Ventures, Todd & Rahul's Angel Fund, David Eckstein and Aston Motes. Joining the board are Roseanne Wincek, Co-Founder and Managing Director of Renegade Partners, and Lee Edwards, Partner at Root Ventures.

Company Information

Company

Daily

Location

San Francisco, California, United States

About

Daily, the leading WebRTC developer platform, is how companies build today's video and audio experiences. Our platform of APIs and global infrastructure support powerful features, scale and security, and unmatched call quality and reliability. Companies from high-growth teams to the enterprise, like AppFolio, HotDoc, Pitch, Teamflow, and Kumospace, rely on Daily to power video and audio features. With two lines of code a developer can add Daily Prebuilt to any product. A plug-and-play video call, Daily Prebuilt includes out-of-the-box features like recording, 15+ languages, and HIPAA compliance support. Developers also can build complex, custom video layouts redefining video UI/UX. Daily calls work across browsers and devices and handle the challenges of real-world networks, with platform features including peer-to-peer/server smooth switching, track subscriptions, multiple recording modes, and call quality data visualizations. Its live streaming support enables multi-participant calls to be broadcast to media players or third-party platforms, like Facebook Live and YouTube. The platform is SOC 2 Type 1 compliant. It provides a secure infrastructure with data centers worldwide and rock-solid uptime. Media Contact:Jen Burke, jen@gradyburkepr.com SOURCE Daily

Funding Insights

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