Voice AI engine and OpenAI partner LiveKit hits $1B valuation

In Brief

LiveKit, a developer of infrastructure bundle for real-time AI dependable and video applications, has announced the rise of $100 cardinal successful backing astatine a $1 cardinal valuation.

The round, which comes 10 months aft LiveKit’s previous fundraise, was led by Index Ventures with information of existing investors including Altimeter Capital Management, Hanabi Capital and Redpoint Ventures.

LiveKit powers OpenAI’s ChatGPT dependable mode. The startup’s different customers see xAI, Salesforce, Tesla, arsenic good arsenic 911 exigency work operators and intelligence wellness providers.

The institution was founded successful 2021 by Russ d’Sa and David Zhao arsenic an open-source bundle task for gathering apps that tin transmit real-time audio and video without interruptions, successful an epoch erstwhile the full satellite was gathering connected Zoom during the pandemic.

Although LiveKit began arsenic a escaped developer tool, the concern took disconnected aft the founders realized large companies wanted a managed unreality mentation and began providing those services to enterprises amid the dependable AI boom.

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