Cloud communications platform Agora closes $70M Series C to create new developer tools

INSUBCONTINENT EXCLUSIVE:
Agora, a developer of cloud communication APIs, will create products for new markets and verticals after raising a $70 million Series C led
by Coatue Management
group calling or broadcasting features into their apps
Agora claims it recently surpassed two billion installations of its SDKs and routes through its 200 distributed data centers around the
world an average of 10 billion minutes of live communications each month.The company is raising capital at a relatively fast pace to support
its growth goals
that round to a total of $50 million.Agora was started in 2014 by CEO Tony Zhao, who was a founding engineer at online communication
platform WebEx, acquired by Cisco in 2007, and former CTO of Chinese live-streaming video platform YY
Headquartered in Santa Clara, Calif., with offices in Shanghai, Agora is a relatively new entrant to a market that includes competitors like
framework.