Show full articles without "Continue Reading" button for {0} hours. Restauranteurs are to Blame for the ‘Uber Eats Apocalypse’. The firm raised $350 in its debut, or around 10 times its Q1 2020 revenue and is now […] Agora’s proprietary Software-Defined Real-Time Network (SD-RTN™) processes and routes an average of 10 billion minutes of live communications per month through 200 globally distributed data centers. With the Agora platform, developers can leverage embedded audio, video and live broadcasting across small and large use cases to increase user engagement and stickiness with real-time, low latency video. Morgan Stanley and BofA Securities are the lead bookrunning managers. Accelerated by the proliferation of mobile and widespread Internet access across the globe, Agora is ushering in a new era of app-based communications with new opportunities for developers and businesses alike to introduce new layers of audience engagement.

Like us on Facebook to see similar stories, California appeals court rules Uber, Lyft must reclassify drivers as employees, Workers who lost jobs because of COVID-19 find new careers in these fields. Four Words That Changed the Fate of a Janitor. “We’re excited to be at the forefront of this movement as Agora continues to disrupt the real-time voice, video and live broadcasting space with solutions that are not only transforming the way we think about real-time engagement but also how it can affect our everyday lives, both online and offline. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. SANTA CLARA, Calif., Nov. 20, 2018 /PRNewswire/ — Agora.io, the leading voice, video and live broadcasting platform, today announced that it has closed $70 million in a Series C round of funding led by Coatue Management, a leading technology investor known for its investments in Uber, SnapChat, Box.com, Lime, DoorDash, and others. But First, We Have to Free It. Founded in 2014 by Tony (Bin) Zhao, a founding engineer at WebEx Communications (acquired by Cisco) and former CTO of Chinese social media giant YY.com, Agora is the leading provider of real-time voice, video and live broadcasting solutions for web and mobile applications. The company recorded a net loss of $36.9 million on total revenue of $35.6 million during the three months ended March 31, after a loss of $13.1 million on revenue of $13.4 million in the same period a year ago. Agora Inc.'s (api) initial public offering priced late Thursday above the expected range, as the Shanghai-based video interaction software company raised $350 million. Whereas revenue rose 47% in 2019, it grew 166% annually in Q1 2020 to $35.6 million.

At Agora.io, we handle the challenging pieces of real-time communication, so our users can focus on expanding their businesses and social circles instead of having to worry about the dropped calls and privacy issues that commonly arise with other networks. Agora is providing communications services to organizations across industries, including social discovery, social media, gaming, e-commerce, education, customer service, telemedicine, financial services and more. “By integrating Agora’s voice and video APIs into our applications, we gave our users a new way to virtually meet and form authentic connections. The pricings come at a good time for IPOs, as the Renaissance IPO ETF (ipo) has rallied 52.0% over the past three months, while the S&P 500 (spx) has gained 17.3%. The company sold 17.5 million American Depositary Receipts at $20 per ADS, compared with expectations that the IPO would price between $16 and $18. Yesterday Agora priced 17.5 million shares at $20 apiece, up from its target range of $16 to $18 per share. The company's IPO priced above expectations on the same night that Albertsons Cos. (aci) priced at $16 share, below the expected range of $18 to $20. Estimated Revenue & Financials. Failing At My Business Because I Never Specialized, Why digital banks thrive in Europe, but struggle in the US, How This Ex-chef Accidently Built a $21 Billion Fast-Food Chain. For more information, please visit www.agora.io. Agora is a high-growth Communications-Platform-as-a-Service (CPaaS) provider delivering mobile-first, real-time communications for developers and businesses globally. The Series C round follows an explosive year for Agora as the company experiences unprecedented growth and gains significant market share with new product releases like the React Native SDK and Unity Support, a wave of seasoned management hires, and a series of new partnerships with global technology innovators. Numerous prominent players cited in the Veterinary Telemedicine report are Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, ... Real-time engagement is a game-changer for all industries. Agora has filed to raise $298 million in a U.S. IPO, plus another $110 million in a concurrent private placement. Data Could Drive a Small Business Renaissance. Agora's API is the most widely adopted API for real-time communications around the world, installed on more than 500 million devices and rapidly growing. We are very grateful and delighted to have a partner like Coatue who shares our ideas and big plans for the future. Founded in 2014, Agora is a global company with offices in Santa Clara and Shanghai, and customers in over 100 countries. With the help of our amazing team, we plan to rapidly expand our commercial, community and technology groups.”, “Live video is like the live band that plays at your local shop. “It is very exciting working with innovative and forward-thinking customers and partners to deliver amazing applications across a wide range of industries, including social discovery, social media, e-commerce, gaming, education and many more. Real-time engagement for broadcasting solutions. Not only has live video created new revenue streams, it’s also become a big driver of user engagement and satisfaction.”. The stock is slated to begin trading Friday on the Nasdaq, under the ticker symbol "API." Amazon Doesn’t Plan to Pay the IRS Anything This Tax Season.