Starting with a few lines of code from a garage in Silicon Valley, a group of programmers founded Agora (Shanghai Zhaoyan Network Technology Co., Ltd.), hoping to change the way people communicate around the world with real-time audio and video interactive API.
On June 5, American Eastern time, voice network Agora submitted an initial public offering (IPO) application to the securities and Exchange Commission (SEC), planning to list on Nasdaq, code API, and raise up to $100 million.
As an enterprise mainly engaged in cloud communication, sound network benefits from the popularity of online education, audio and video entertainment and remote office under the epidemic situation. According to the Bureau’s public information, the annual revenue of sound network in 2019 will be 64 million US dollars (about 450 million yuan). In Q1 2020 alone, revenue will be 36 million US dollars (about 250 million yuan).
The average daily minutes reached 800 million, and more than 180000 applications were registered on the platform
At present, Agora has the largest software defined real-time network sd-rtn in the world. Voice network Agora self built software defined real-time network sd-rtn specially designed for two-way real-time audio and video interaction. It has more than 200 data centers in the world. Through intelligent routing algorithm, real-time scheduling, the optimal and fastest transmission path is selected to ensure stable and reliable transmission quality, ultra-low millisecond delay and support millions of concurrent.
In terms of delay and packet loss resistance, sd-rtn can achieve better performance than the public Internet, which ultimately reflects the excellent end-user experience, which determines the enterprise’s purchase decision of Agora service.
In addition to its real-time audio and video communication capabilities, soundnet also provides hundreds of API interfaces. It uses a variety of products and third-party plug-ins to help customers improve experience richness in different scenarios, such as voice changing function in game scenes, beauty, accompaniment, Lianmai PK, whiteboard and other props in live and educational scenes.
It is reported that there have been no accidents in the whole network since its establishment. As of the end of 2019, the daily average minutes reached 800 million. The company has accumulated experience in serving many giant enterprises and traffic platforms at home and abroad, and has various emergency measures and emergency records on sudden increase of traffic and high concurrency.
According to the prospectus, in March 2020, Agora provided more than 40 billion minutes of real-time interactive use time for end users in more than 100 countries through more than 10000 active applications. From its inception to March 31, 2020, more than 180000 applications have been registered on the Agora platform.
Zhao Bin, founder of soundnet: API believer
Founded in 2013, voice network was founded by Zhao Bin, a senior in the communication industry. Mr. Zhao Bin was one of the founding engineers of WebEx and former YY voice CTO.
In February this year, soundnet completed a $50 million round of C + financing, led by the well-known PE tiger Global Fund and coatue, followed by Chenxing capital. After this round of investment, the valuation of sound network is more than 1 billion US dollars. At present, the company’s investors also include coatue management, SIG Haina Asia, Chenxing capital, GGV Jiyuan capital, IDG capital and Shunwei capital.