Live video infrastructure startup 100ms on Friday announced its Series A funding round of $20 million led by Alpha Wave Incubation (AWI). AWI is backed by DisruptAD, ADQ’s venture platform, and managed by Alpha Wave Global. The round saw Matrix Partners India and LocalGlobe, along with existing investors Accel and Strive.vc.

• Max Healthcare to Set Up 450-Bed Pune Hospital; Shares Jump 2.75%
• KPI Green Energy Signs $4-Billion Botswana MoU; Shares Surge 3.25%
• Sun Pharmaceutical Shares Slump 3% as USFDA Highlights Facility 
• Mahindra Lifespace Launches Rs 1,900-Crore Bengaluru Project; Shares Fall 1.25%
• Stocks Under F&O Ban: Bandhan Bank

“Zoom and similar products helped us through the surge in digital adoption. We are missing one significant fact, though – real 1:1 experiences cannot always be boxed into Zoom video tiles. Our belief is in the future; all companies will embed video experiences into their apps. 100ms provides the best-in-class infrastructure to power these video experiences.”, shares Abhinav Chaturvedi, partner at Accel, on the continuation of the partnership from the seed stage.
100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video. Founded by engineers that built the video infrastructure at Facebook and Disney, 100ms’s vision is to create rich, bespoke, and deeper-than-physical experiences for businesses and people, said the company statement.