What is Daily?
Daily operates as a sophisticated enterprise WebRTC platform designed to facilitate the seamless integration of real-time voice, video, and AI capabilities at scale. Since its inception in 2016, the company has distinguished itself by offering industry-leading service level agreements (SLAs), robust analytics, and developer-friendly APIs. By abstracting the complexities of real-time media transmission, Daily enables organizations to embed high-fidelity communication features directly into their proprietary applications, effectively positioning itself as a foundational layer for the modern digital workplace and interactive software ecosystems.
How much funding has Daily raised?
Daily has raised a total of $59.6M across 3 funding rounds:
Other Financing Round
$4.6M
Series A
$15M
Series B
$40M
Other Financing Round (2020): $4.6M with participation from April Underwood, Ellen Levy, Jenny Lefcourt, TenOneTen, Root, SV Angel, Slack Fund, Sarah Imbach, Haystack, Elizabeth Weil, and Moxxie
Series A (2021): $15M led by Lachy Groom, Tiger Global Ltd, Slack Fund, Y Combinator, Freestyle Capital, and Root Ventures
Series B (2021): $40M supported by Renegade Partners
Key Investors in Daily
Renegade Partners
Renegade Partners is a venture capital firm that focuses on backing visionary founders at the early stage across various sectors, including fintech, enterprise, and consumer services.
Slack Fund
Slack Technologies is a software company that develops and provides a cloud-based team collaboration platform and messaging service, offering tools for communication and workflow integration.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and acts as a premier accelerator for high-growth technology companies.
What's next for Daily?
With the infusion of $40M, Daily is well-positioned to accelerate its product roadmap, specifically focusing on the expansion of its AI-driven communication features and the enhancement of its global infrastructure. As the demand for integrated, low-latency video and voice solutions continues to rise across enterprise sectors, the company is expected to leverage its current capital to deepen its market penetration and refine its API suite. Strategic focus will likely remain on maintaining high-availability standards while scaling to meet the needs of increasingly complex, large-scale enterprise deployments.
See full Daily company page
