LiveKit, a leading developer of infrastructure software for real-time AI voice and video applications, has successfully raised $100 million in funding, achieving a valuation of $1 billion. The funding round, led by Index Ventures, saw participation from notable investors such as Altimeter Capital Management, Hanabi Capital, and Redpoint Ventures. Celebrated for powering OpenAI’s ChatGPT voice mode, LiveKit serves a diverse clientele, including xAI, Salesforce, and Tesla, as well as critical services like 911 and mental health providers. Founded in 2021 by Russ d’Sa and David Zhao, LiveKit originated as an open-source project aimed at facilitating uninterrupted audio and video communication during the pandemic. Initially a free developer tool, the startup transitioned to offering managed cloud solutions tailored for enterprises, aligning with the burgeoning demand for voice AI technology. This strategic pivot has positioned LiveKit as a vital player in the evolving landscape of real-time communication solutions.
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