Virtual events platform Airmeet raises $12M – ClearTips

Virtual events platform Airmeet raises $12M – ClearTips

Airmeet, A startup that provides a platform to host virtual events said it raised $ 12 million in a new financing round on Tuesday as the Bangalore-headquartered firm shows growth in its user base.

Sequoia Capital India One-year led to a $ 12 million Series A financing round at Airmeet. Redpoint Ventures and existing investor Accel India, Venture Highway, Global Founders Capital (GFC), and Gokul Rajaram (caviar lead in Doordash) also participated in the round.

Airmeet allows users and businesses to host interactive virtual events. Its platform seamlessly mimics aspects of a physical event, offering backstage, clubbing people at a table, allowing participants to network with each other, and even event organizers Enables to work with sponsors.

In an interview with ClearTips, Airmate’s co-founder, Lalit Mangal, said that the startup today hosts over 1,000 a day. He said that platform usage increased by 2,000% in the last quarter without any investment in advertising.

In recent months, Airmeet has worked to expand the platform’s use cases. In addition to hosting large conferences, Airmeet is now also being used for professional meetings at major film festivals. Recently it held university resource fairs and technical industry summits.

“Kovid-19 has accelerated a sustainable behavior change in many industries. With the digitization of traditional locations on a large scale over the years, the $ 800 + billion global offline event space is poised for graves. A statement said that there is a lot of potential for players leading the industry’s transition to online events.

Airmeet is built on top of WebRTC, a standard that most modern browsers follow. This has enabled Airmeet to be fully accessible via Chrome and Firefox. Mangal said that all sessions are also end-to-end encrypted. It does not have a mobile app. Mangal said that people use their laptops or desktops or their iPads for professional programs. (Although users can consume the session through their mobile browser.)

The startup, which is in the same location as the Hopin and Andreessen Horowitz-backed Run the World, will use the refreshed capital to add new features to Airmate and also globally, Mars said.

“Airmeet’s mission is to create a global platform for millions of community managers and event organizers worldwide to connect and expand their audiences. And with the focus, execution and innovative thinking of Lalit and the team, they are firmly placed to achieve their goal, ”said Mohan.

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