News Summary

LiveKit, an open-source software company founded by Russ d’Sa and David Zhao, is revolutionizing real-time communication by providing tools and APIs for developers to build streaming audio and video experiences. Initially launched in 2021, LiveKit now supports over 500 paying customers and 100,000 developers globally. The company is instrumental in powering 25% of 911 emergency calls in the U.S. and is utilized by major companies like Spotify, Meta, and Microsoft. With a recent Series B funding round of $45 million led by Altimeter, LiveKit plans to expand its engineering and product teams while developing an ‘elastic agent compute service’ to enhance its AI-native cloud offerings.