The daily guarantees $ 40 million for live and video access to any product

Daily, a San Francisco-based WebRTC development startup, has raised $ 40 million in Series B funding to scale its WebRTC video and audio APIs.

The funding round was led by Renegade Partners with the participation of companies such as Heritage Group, Cendana Capital, Sean Rose, Lachy Groom, Tiger Global, Freestyle Ventures and Root VC. The day has raised a total of $ 62.2 million. Roseanne Wince, co-founder and managing director of Renegade Partners, mentioned the company’s involvement in:

“When I found Daily, I knew I didn’t just need to invest, but I wanted to get as involved as possible. Video and audio are key to the digital future, and they are now more important than ever. Companies are adapting to this new standard, and I look forward to working with Daily at this critical stage of its growth, helping to build relationships with customers around the world. ”

Daily Developers was created with the mission to easily integrate video and voice chat capabilities into their platforms. By writing less than two lines of code, the startup solution provides plug-and-play video calls with recording, HIPPA compliance, and multilingual functionality. Kwindla Hultman Kramer, co-founder and CEO of the Daily, said of the platform’s popularity:

“The last 18 months have been incredibly exciting. We focus on providing developer resources so that engineering teams can build for as many use cases as possible. We’ve seen a 10-fold increase in the number of customers and we’ve increased our call capacity to 1,000 people, fully interactive, sessions, making the Daily even more useful for developers who need our product. We are excited to use this new capital to continue to grow our business. ”

As more organizations transition to the remote or hybrid work approach, video calling solutions have become increasingly popular over the past year. According to A examine, poor management of the meeting could result in losses of more than $ 399 billion a year. By eliminating the need for third-party solutions, Daily can help organizations improve the quality of their meetings while avoiding moral and financial losses.

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