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, included participation from existing investors such as Altimeter Capital Management, Hanabi Capital, and Redpoint Ventures, occurring just 10 months after their last fundraising effort.
LiveKit powers the voice mode for OpenAI’s ChatGPT and serves notable clients like xAI, Salesforce, and Tesla, along with 911 emergency services and mental health providers. Founded in 2021 by Russ d’Sa and David Zhao, LiveKit originated as an open-source solution during the pandemic, enabling seamless audio and video transmission. The company transitioned to a managed cloud service model, capitalizing on the demand from large enterprises and the rising trend of voice AI technology. This strategic shift has contributed significantly to LiveKit’s growth and market prominence.
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