Send bird raises $100M at a $1B+ valuation, says 150M+ users now interact using its chat and video APIs

Send bird raises $100M at a $1B+ valuation, says 150M+ users now interact using its chat and video APIs

Messaging is a medium nowadays, and today a startup creating an API to help others create text and video interactivity on their services is announcing a big round to continue measuring its business. 

Sendbird plans $100 million, a popular provider of chat, video and other interactive services through Reddit, Hinge, Paytm, Delivery Hero and hundreds of other codes, shutting down plans to expand the effectiveness of its platform to meet our changing interactive times. To use to Sendbird confirmed that the funding company is worth $1.05 billion.  Today, customers can collectively channel about 150 million users via Sendbird’s API to chat with each other and large groups of users via text and video, an image that has grown significantly in the last year, where people were spending so much to communicate with the world. Time in front the screen as their primary interface. 

Sendbird already provides some services around key functionality, such as moderation and text search. John Kim, CEO and founder of Sendbird, said the extra development, such as restraint, has taken a huge amount, and plans to add it to the mix of services include payment and logistics features and is looking to add it to group audio conversations for customers, to create your own clubhouse clone. “We are investigating,” Kim said. “We will place it in a personalized way. Voice chat is definitely on the rise because of the clubhouse.” 

The firm said Steadfast Financial with Softbank’s Vision Fund 2 is leading the fund – which has been over-subscribed -, with former Beckoner participating in ICNIQ Capital, Tiger Global Management and Ameritech Capital. Sandbird came almost two years after closing its Series B $102 million, and since then the startup’s valuation has almost doubled: in 2019, Pitch book estimated it to be around $550 million.  This growth is not surprising in one sense, given the climate in virtual interactions right now, but the fact that Sandbird itself has tripled the number of customers using its tools since 2019. The company headquartered in Seoul. Korea’s Korea and San Mateo have now raised about $221 million.  The market that Sandbird has moved away from since its inception in 2013 is a huge one.