CLOUD COMMUNICATIONS

December 03, 2018

Agora.io Raises $70M in C Round

Agora.io has raised $70 million in a Series C round. That brings its total capital raised to $125 million.

Coatue Management, which also has investments in Box.com, SnapChat, Uber, and other leading tech companies, led the round. Existing Agora.io investors Morningside, Shunwei Capital, and SIG also participated.

Four-year-old Agora.io provides a Twilio-like platform. It enables developers to embed real-time broadcasting, video, and voice into mobile and web applications.

“We are creating a new category of real-time communications, one that puts engagement at the core of the user experience, and we will continue leveraging our unique technology and global reach to further transform this space,” said Tony Zhao, Agora.io’s founder and CEO. Zhao was a founding engineer at WebEx Communications, which Cisco now owns. He also previously served as CTO of Chinese social media giant YY.com.

Reggie Yativ, CRO and COO of Agora, added: “It is very exciting working with innovative and forward-thinking customers and partners to deliver amazing applications across a wide range of industries, including social discovery, social media, e-commerce, gaming, education, and many more. We are very grateful and delighted to have a partner like Coatue who shares our ideas and big plans for the future. With the help of our amazing team, we plan to rapidly expand our commercial, community, and technology groups.”

Agora has more than 2 billion SDK installs as of September. The company says that makes it the most widely adopted RTC-based developer solution on the planet. A year ago last month Agora announced Chinese electronics giant Xiaomi as as a customer.

Agora operates a proprietary Software-Defined Real-Time Network. It processes an average of 10 billion minutes of live communications a month through 200 data centers across the globe.




Edited by Maurice Nagle



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