Agora, Inc.
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Agora, Inc. - overview
Established
2013
Location
Shanghai, -, China
Primary Industry
Software
About
Based in Shanghai, China, and founded in 2013 by CEO Mr. Bin Zhao and CRO Mr. Tony Wang, Agora, Inc. , a.
k. a. Agora operates as a video interaction software company that provides cloud-based communications solutions that add voice, HD video calls, messaging, and other features to programs and applications for the US, China, the UK, Singapore, and Indian markets. The company conducts a substantial part of its operations through its PRC consolidated variable interest entities, or VIEs.
Agora, Inc. operates its business through its subsidiaries, which are Agora. IO Ltd. (UK), ShengWang HongKong Limited (HK), Agora.
IO Singapore PTE Ltd. (Singapore), API Investment Limited (Cayman), and more. In November 2018, Agora, Inc. raised USD 70 million in Series C funding led by Coatue Management, with participation from existing investors SIG, Morningside, and Shunwei Capital.
In June 2020, Agora, Inc. raised USD 350 million in an IPO, selling 17. 50 million shares at USD 20 per share on the NASDAQ. Agora is publicly listed on NASDAQ under the ticker symbol API.
The company provides a real-time engagement platform-as-a-service (RTE-PaaS) with software tools, enabling developers with application programming interfaces (APIs) to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications. Agora’s core products include live voice chat and voice calling SDK, live video calling and video chat SDK, interactive live streaming API, broadcast streaming API, signaling SDK, chat SDK, digital whiteboard app, and IoT SDK. In addition, the firm offers an extension for analytics related to video, voice, and live streaming for tracking quality, performance, and streaming usage. Agora’s client base includes businesses across a wide range of sectors, including social, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and IoT industries.
The company generates revenue from the subscription of its platform packages, which include Standard (USD 1,200 per month), Premium (USD 2,900 per month), and Enterprise (USD 4,900 per month).
Current Investors
IDG Capital, 5Y Capital, SIG Asia Investment
Primary Industry
Software
Sub Industries
Web Applications, Analytics & Performance Software, Application Integration Software, Conferencing Software, Connectivity Software, Multimedia & Graphics
Website
www.agora.io
Verticals
Artificial Intelligence, Cloud Computing, Cloud Computing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
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