Cloud communications platform Agora closes $70M Series C to create new developer tools

Agora, a cloud communication API developer, will create products for new markets and vertical markets after raising a $ 70 million C Series led by Coatue Management. The existing investors SIG, Morningside Capital and Shunwei Capital also returned for the round, which brings the total funding of Agora so far to $ 125 million. Insert voice, video, and group or broadcast calls into your applications. Agora claims that it recently exceeded the two billion installations of its SDK and the routes through its 200 data centers distributed throughout the world, an average of 10 billion minutes of live communications every month.

growth goals. The last Agora financing announcement was made five months ago, when Agora said it had added an extension of $ 30 million to its Series B, bringing the round to a total of $ 50 million.

Agora was started in 2014 by CEO Tony Zhao, a founding engineer of the WebEx online communication platform, acquired by Cisco in 2007, and former technology director of the Chinese live video platform YY. Headquartered in Santa Clara, California, and with offices in Shanghai, Agora is a relatively new entrant to a market that includes competitors such as Twilio and Tokbox.

The main product of Agora is an SDK that allows developers to insert voice, video and group calls into their applications, as well as interactive streaming features, but also recently added SDK designed specifically for game developers and the React framework. Native of Facebook.

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