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Reggie Yativ, CRO and COO
Agora’s offering can be broadly divided into two main segments. The first is a set of software development kits (SDKs) and application programming interfaces (APIs) for software developers, and the second is Agora’s Software-Defined Real-Time Network (SD-RTN). Through the SDKs and APIs, developers can easily embed video, voice, and interactive live streaming, among other capabilities into any application with a minimal amount of coding. This is all backed by Agora’s SD-RTN, a global network that streamlines the process of going live with an application. Often, live streaming an audio or video on the internet is fraught with poor connectivity, which is exacerbated for users with low-powered devices. Agora SD-RTN is designed to solve these issues and deliver sub-second low latency utilizing over 200 distributed data centres across the world. “You are guaranteed high-quality, stable, and low latency live audio/video streaming performance anytime and anywhere in the world,” adds Reggie Yativ, CRO and COO at Agora.io. Currently, SD-RTN is streaming over 25 billion minutes of monthly usage on its network, and this has been possible because of SD-RTN’s algorithms that monitor and select in real-time the most efficient routing path automatically.
Coupled with the ability to handle large amounts of traffic, Agora brings to the table a blend of experience and expertise in managing a real-time engagement platform.
Today, Agora.io has earned the moniker of a trusted live engagement platform partner by developers and brands across the globe for gaming, social media, e-commerce, education, and healthcare companies
One of the sectors that Agora focuses on is education. Agora’s solution enables teachers and trainers to provide real-time engagement via live classroom broadcasts directly to their students’ mobile and web devices. These virtual classrooms are designed for any number of students or one-on-one tutoring and support features such as screen-sharing, whiteboarding, and live chatting, among others, to facilitate the learning process.
Agora can scale from one to one million users overnight, and this level of scalability provides great benefit for engaging with a broader audience, whether it’s a classroom or any bigger auditorium. For instance, if a company wants to educate 15,000 global employees about a new product, they could either complete the process in 50 different sessions, which would definitely be a time-consuming and redundant approach. Or, on the other hand, the company could complete the training process in a single instance by holding a global launch event where the product details can be discussed with all its employees via an interactive live streaming session. The company can even conduct surveys and answer any pertinent questions from the employees during the stream.
Displaying such robustness, today, Agora has over 500 million SDK installs and empowers users in over 100 countries around the globe. In the APAC region, Agora is one of the leaders in the online education solutions space, and the company is experiencing similar levels of growth in Europe, and the U.S.
Agora raises $34M Series B to keep building the Carta for real estate
Friday, May 17, 2024
Since he was very young, Bar Mor knew that he would inevitably do something with real estate. His family was involved in all types of real estate projects, from ground-up construction to managing residential, commercial and retail properties.
But unlike his parents, Mor also had a passion for technology. His interest in tech was reinforced when he became a commander in Unit 8200, the elite cyber intelligence division of the Israeli Defense Forces known for minting tech entrepreneurs.
After leaving the army, he decided to combine his two passions: Mor noticed that many real estate investors do not have a dedicated system for keeping track of various back-office processes such as managing cash collected from rent, calculating and distributing proceeds to their LPs and many other administrative functions.
“We’ve seen companies struggling with managing all of these things using a lot of spreadsheets, emails and [other] disjointed systems that don’t interact with each other,” Mor said.
That realization led him, together with Unit 8200 friends Lior Dolinski and Noam Kahan, to found Agora, a software company that manages data, automates reporting, streamlines fundraising processes and provides bookkeeping and tax services for real estate investment firms of various sizes.
Mor said that when he was initially fundraising, he told investors he was building Carta for real estate. It’s easy to see the comparison: Carta manages cap tables for startups and VCs, along with other administrative functions. Since real estate investing is similarly data-intensive, investors need tools that automate manual work and calculate yields.
Agora has tripled its revenue every year since it launched five years ago. Thanks to its strong growth, the company announced on Thursday that it has raised a $34 million Series B from Israel-based growth fund Qumra Capital, along with returning investors Insight Partners and Aleph. The funding brought Agora’s total funding to $63 million.
Mor said raising this latest round wasn’t difficult for the company.
Although some real estate investors have struggled amid the rising interest rate environment, Agora continued to grow and maintain a high client retention rate, Mor said. “It shows that we are actually solving something that is not a nice-to-have. It’s a must-have.”
Agora currently operates predominantly in North America, Europe and Israel, but it plans to start serving customers in other markets, including Central America, South America and Australia.
Mor’s family experience with real estate continues to help him build the company.
“My personal background gave me [a way] to understand how real estate people think, what they care about, and how they negotiate,” he said.
This knowledge informed various parts of Agora’s business, including how account managers interact with customers. Every customer has the cell phone number of their account manager.
“Real estate guy, he has his broker, he has his lawyer, he has his bank relationship. He wants everything like this,” Mor said, putting his hand next to his ear as if holding a phone. “The idea is we are your technology partner. ‘You need something with your tech? Call Agora.’”
Company
Agora.io
Management
Reggie Yativ, CRO and COO
Description
Agora.io helps apps increase user engagement and retention with SDKs for live, interactive audio, video, and messaging features at planetary scale. With a dedicated network and device-optimized code, Agora is the only real-time engagement platform designed to cross borders and reach users on low-bandwidth networks and on lower-powered devices.Currently, Agora is streaming every month over 25 billion minutes of voice and video on itsglobal Software-Defined Real Time Network (SD-RTN)
