- January 8, 2018
- Posted by: Lantre Barr
- Category: Articles
Over $3.24 Billion in Funding to WebRTC Companies in 2017
Over the last 3 years, we have tracked the amount of funding going to companies that have implemented Web Real-Time Communications (WebRTC) into their products and services. In 2015 we saw $1.09 billion in funding, in 2016 there was an enormous jump to $2.7 billion in funding and in 2017 we continued the upward trend ringing in more than $3.24 billion in funding.
As in previous years, Snap Inc. has made a vast majority of the funding received, and 2017 was no different with them receiving a $2 billion Post-IPO equity cash infusion. Taking a look at the numbers below without including Snap is still quite impressive.
| 2015 | 2016 | 2017 | |||
| Funding | Funding | % Growth | Funding | % Growth | |
| $552.4M | $900M | 62.9% | $1.24B | 37.7% | |
We believe that there are far more companies that received funding in 2017 that integrate real-time communications powered by WebRTC, however, we are finding it harder and harder to keep track of all of them. All of which is a great signal for the community. Tsahi at Bloggeek.me has a dataset of over 1,300 companies who have implemented WebRTC to date.
We are excited to see the trend continue in 2018 as we head into the official WebRTC 1.0 specification being realized after nearly 7 years in the making. Special thanks to the Google team for all their hard work and dedication to the project.
If you have been waiting to integrate real-time communications into your product, now is the time! Contact us today for a free consultation.
January 2017
SnapMD received $3.25M in Series A Funding
SnapMD operates a cloud-based patient-to-provider telemedicine platform that connects individuals with pediatric physicians in the U.S.
24Sessions received €385,000 in Seed Funding
24sessions provides businesses with a way to meet customers digital face-to-face.
Lingo Live received $5.2M in Series A Funding
Lingo Live teaches employees of multinational companies to learn to speak English or any other foreign language through live, online lessons with native instructors over video conference.
Level Therapy received $125K in Seed Funding
Level Therapy is a platform that provides patients with treatment tools and video access to psychotherapists.
CafeX Communications received $18M in Series C Funding
CafeX is a cloud communications provider of one-click collaboration solutions to help enterprises enhance team productivity and customer engagement within digital channels.
CirrusMD received $1.75M in Seed Funding
CirrusMD develops “closed loop” virtual care solutions for value-based healthcare organizations. We allow everyone to access convenient, timely medical care with local physicians in the same way that doctors address concerns for their friends and family – through text messaging, phone and video chat.
February 2017
Fuze received $104M in Series E Funding
Fuze is a global, cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration.
March 2017
Layer received $15M in Series B Funding
Layer is a customer conversation platform, enabling companies and their customers to have immediate, interactive and personalized experiences from any digital interface.
Tellybean received €375,000 in Equity Crowdfunding
Tellybean is a video call solution that enables users to convert their televisions into videophones.
Fam received $1.8M in a Convertible Note
Smack, Inc.’s mission is to build products that revolutionize the way teens and millennials communicate.
Peer5 received $2.5M in Seed Funding
Peer5 operates a serverless CDN for massively-scaled video streaming, providing a TV-grade broadcasting solution for the Internet.
April 2017
TruClinic received $625K in a Convertible Note
TruClinic is breaking down the barriers of access, cost and location in the healthcare industry by providing a web-based solution through which patients, providers and care teams can connect face to face, anytime, anywhere.
PhenixP2P received $3.5M in Series A Funding
PhenixP2P’s mission is to be the “go-to” provider for real-time video streaming. Building on WebRTC, their proprietary peer-to-peer multicast technology enables users to broadcast high quality real-time video to audiences of all sizes at low operating cost.
Babylon Health received $60M in Series B Funding
Babylon delivers high quality healthcare via your mobile phone and employs only the very best doctors and provides them with rigorous industry-leading training..
Huddly received $10M in Series B Funding
Huddly develops an intelligent software-upgradable platform that powers the world’s smallest and most powerful video collaboration camera – Huddly GO, the first product in the Huddly hardware portfolio.
Kallfly received an undisclosed Seed Round
Kallfly is an On-Demand virtual Contact Center marketplace, connecting businesses with experienced home-based call center agents.
May 2017
Fuze received $30M in Series E Funding
Fuze is a global, cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration.
GradeSlam received an undisclosed Non Equity Assistance Round
GradeSlam powers personalized learning in schools and districts. Students receive one-to-one support from certified educators while its powerful software provides classroom teachers with analytics on their students.
Symphony received $63M in a Venture Round
The secure, cloud-based communications platform that connects markets and individuals, Symphony promotes collaboration and increases workflow productivity while maintaining organizational compliance.
Loom received an undisclosed Seed Round
Loom is a platform that allows you to make quick videos using a lightning-fast video recorder capable of capturing your screen, webcam, and microphone.
Peloton received $325M in Series E Funding
Peloton is revolutionizing the fitness industry by merging high-design with modern technology to provide access to live and on-demand fitness group classes led by elite NYC instructors.
HelloMD received $200K in Seed Funding
HelloMD is a digital healthcare platform for medical cannabis doctor consultations.
June 2017
HelloMD received $1.28M in Equity Crowdfunding
HelloMD is a digital healthcare platform for medical cannabis doctor consultations.
YodelTalk received €500,000 in Seed Funding
Yodel is the first smart assistant for your business phone calls, with cutting edge voice recognition, fully integratable into your business chat.
Wavecell received $8.15M in Series B Funding
Wavecell offers Messaging Solutions and Live Video Interaction for any platforms such as applications, websites, and services.
Discord received $50M in a Venture Round
Discord offers an all-in-one voice and text chat for gamers that’s free, secure, and works on both your desktop and phone.
Regroup Therapy received $6M in Series A Funding
Regroup Therapy provides telemedicine solutions to eradicate mental healthcare shortages across the USA.
ClassPass received $70M in Series C Funding
ClassPass is the leading membership to the world’s largest fitness network. With over 8,000 partners in 39 cities worldwide, ClassPass provides members a variety of fitness experiences to choose from, including yoga, cycling, Pilates, barre, running, strength training, dance, sports, videos and more.
Vapour Media received £1,000,000 in a Venture Round
Vapour provides SME resellers with the point of access to highly competent independent, private network infrastructure, a choice of leading network providers, and a scalable platform for growth, backed by comprehensive training and fully managed installation and support.
CirrusMD received $7M in Series A Funding
CirrusMD develops “closed loop” virtual care solutions for value-based healthcare organizations. We allow everyone to access convenient, timely medical care with local physicians in the same way that doctors address concerns for their friends and family – through text messaging, phone and video chat.
July 2017
Push Doctor received $26.1M in Series B Funding
PushDoctor is the Europe’s leading digital health marketplace where patients can see a registered doctor in-video in under 6 minutes.
Fountain received $9.1M in Series A Funding
Fountain helps hundreds of retail, restaurant, delivery, and hospitality companies hire at speed and scale.
TeleStax received $4.7M in Series A Funding
Telestax, the open source cloud communications company, is enabling mainstream “copy and paste” developers to build telephony apps for targeted markets around the world.
http://www.telestax.com
Duolingo Receives $25M in Series E Funding
Duolingo is a free language education platform that gamifies every lessons available in over 20 languages.
http://www.duolingo.com
ExecOnline received $16M in Series B Funding
ExecOnline partners with elite business schools to enable executives at the world’s largest companies to master and apply critical insights and practical solutions.
August 2017
Plato received $3.3M in a Venture Round
Plato (former Birdly) turns your company’s engineering managers into better leaders by helping junior engineering managers resolve challenging management situation as they arise, in real-time.
Huddle received $1.2M in Seed Funding
Huddle is a video based peer-to-peer support community. A social platform that’s focused on comfort, safety, and allowing users to pixelate themselves to their comfort.
September 2017
TalkSpace received $31M in Series C Funding
Affordable, anonymous therapy with professional, licensed therapists, wherever and whenever you need help.
Streamroot received $3.2M in a Venture Round
Streamroot is a market leader in innovative OTT video optimisation technologies for content publishers, network service providers and enterprise customers.
Smiletime received $1M in Seed Funding
Smiletime, Inc. powers pop.in, an app for spontaneous, ephemeral live connection. On pop.in, civility and inclusivity are the bedrock of dynamic conversations, which are hosted in an environment that allows for discussions to be as multifaceted as the people having them.
Call9 received $24M in Series B Funding
Call9 is an alternative to 911 presently operating in Skilled Nursing Facilities (nursing homes). When a nursing home patient has an acute event instead of calling 911, SNF nurses activate Call9.
Slack received $250M in Series G Funding
Slack is a team communication application providing services such as real-time messaging, archiving, and search for modern teams.
Dialpad received $17M in Series C Funding
Dialpad is communications simplified for every business. Available on any device, anywhere, Dialpad includes voice, video, messaging and meetings; and is integrated with Microsoft Office 365 and Google’s G Suite.
October 2017
Datalot received an undisclosed Private Equity Round
Datalot bridges the technology gap between online advertising and telephony. Datalot offers a real-time call marketplace as well as a cloud-based contact center platform and other web-to-phone applications and services.
Vidyo received $9.37M in a Venture Round
Vidyo makes it easy to embed the most beautiful, resilient and immersive multiparty video chat into any application, on any connected device. In healthcare, banking, IoT, customer engagement, enterprise collaboration, government, field services and more, video chat is revolutionizing – while simplifying – how we communicate.
Open-Xchange received €21,000,000 in Series D Funding
OX is a provider of open source software-as-a-service solutions for hosting, service provider and telecommunications companies.
November 2017
HealthKit received $2.5M in Series B Funding
HealthKit make healthcare better all over the world. HealthKit is a platform for patients, practitioners and people everywhere.
Snap received $2B in Post-IPO Equity
Snap is behind Snapchat, a photo messaging app that allows users to take photos, record videos, add text and drawings, and send them to recipients. In 2016, it released Spectacles, video-sharing sunglasses that free the Snapchat app from smartphone cameras.
PandaTree received $1.5M in Seed Funding
PandaTree offers live foreign language conversation practice for kids through 1-on-1 video sessions with hand-picked, native-speaking tutors.
December 2017
Huddly received $10M in Series C Funding
Huddly develops an intelligent software-upgradable platform that powers the world’s smallest and most powerful video collaboration camera – Huddly GO, the first product in the Huddly hardware portfolio.
About Blacc Spot Media, Inc.
Blacc Spot Media focuses on Web Real-Time Communications (WebRTC) development across web, mobile, native desktop and telephony implementations. Our team works on strategic projects developing custom applications, enterprise platforms and mobile applications for a wide array of clients. If you are interested developing your own WebRTC product or service, let us know how we can help you.
Take a look at our website for more information (https://www.blaccspotmedia.com) or email us at hi@blaccspot.com.
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