What is Daily?
Daily provides the foundational technology for businesses to build real-time voice, video, and AI capabilities at scale. Since its inception in 2016, the company has focused on delivering industry-leading Service Level Agreements (SLAs), advanced analytics, and robust APIs. This focus positions Daily as a critical infrastructure provider for applications requiring seamless, high-quality, real-time interactions, catering to a wide range of enterprise needs from communication to AI-driven services.
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 Sarah Imbach, Elizabeth Weil, Moxxie, TenOneTen, SV Angel, Root, Ellen Levy, Haystack, Jenny Lefcourt, Slack Fund, and April Underwood
Series A (2021): $15M led by Tiger Global Ltd, Freestyle Capital, Root Ventures, Slack Fund, Y Combinator, and Lachy Groom
Series B (2021): $40M supported by Renegade Partners
Key Investors in Daily
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds, often taking a lead role in seed investments.
Slack Fund
Slack Technologies is a software company headquartered in the United States that develops and provides a cloud-based team collaboration platform and messaging service. The company offers tools for communication, file sharing, and workflow integration that connect teams and streamline organizational communication.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses. They prioritize building strong partnerships by advocating for founders and providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Daily?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and market expansion for Daily. With a solid foundation in providing scalable WebRTC solutions, the company is poised to enhance its platform capabilities, further develop its AI integrations, and broaden its enterprise client base. This capital infusion will likely support increased R&D efforts, strategic partnerships, and a scaling of its sales and support operations to meet the escalating demand for real-time communication infrastructure.
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