Daily, a Silicon-valley based WebRTC developer platform offering today’s video and audio experiences has secured US$ 40 million in a Series B funding round led by Renegade Partners on 10 November 2021.
Investors: The latest funding round featured Renegade Partners as the lead investor with participation from Tiger Global Management, Slack Fund, Root Ventures, Moxxie Ventures, Heritage Group, Haystack and high profile investors such as Lachy Groom and others.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards propelling growth and expanding its audio and video API services.
About Daily
Brought to existence in 2015 by Doug Brunton, Kwindla Hultman Kramer and Nina Kuruvilla, Daily deals with the intricacies of WebRTC audio and video using its APIs, which run across various devices and browsers and provide excellent-quality calls to customers on any network worldwide. The platform allows a developer to embed a complete working and safe video call with pre-built attributes using only two lines of code. Developers can employ the firm’s client libraries to develop individualised user platforms. Users who relocate their platform to Daily witness less time to market, reduced maintenance costs, and up to 80% fall in video call faults. Corporations from the enterprise to high-growth teams, including HotDoc, Kumospace, AppFolio, Pitch and Teamflow, depend on Daily to power audio and video attributes.
What the Founder has to say: “The last one and a half years has been special for us. We prioritise offering developer resources, which aids engineering teams to develop the broadest possible range of use cases. We have witnessed a ten times increase in our customer base and significantly raised our call volume to 1,000 people, completely engaging sessions, building Daily more utilitarian to the developers that require our offering. It is exhilarating to deploy the proceeds from the latest funding round to expand our market presence.”- Kwindla Hultman Kramer, Co-Founder and CEO of Daily.
What the Investor has to say: “On discovering the true potential of Daily, I sought not to invest, but also get deeply involved in Daily’s business. Audio and video are the focal point of the digital future and are extremely vital today. Corporations are changing the latest standard, and I am delighted to be associated with Daily at such a crucial growth phase of its journey, assisting them in creating customer connections globally.”- Roseanne Wincek, Co-Founder and Managing Director of Renegade Partners.
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