As an Amazon Associate I earn from qualifying purchases from amazon.com

Digital occasions platform Airmeet lands $35M


Be part of in the present day’s main executives on-line on the Knowledge Summit on March ninth. Register right here.


Delaware-based Airmeet is providing a devoted platform to assist enterprises make their large occasions actually digital and interactive.

Again in 2020, when social distancing had simply turn out to be a norm, platforms like Google Meet did an important job at dealing with group conferences. The options noticed a big surge in demand, however they might not function a alternative for enterprises’ big-budget brick-and-mortar occasions internet hosting tons of of 1000’s of company. These organizations largely needed to swap to streaming providers like YouTube, which lacked many parts of a bodily occasion. However, fortunately sufficient, some firms have been fast to seek out the workarounds they wanted. This included Airmeet.

Airmeet digital occasions platform

Based just some months earlier than the pandemic, Airmeet’s engagement platform replicates main features of a bodily occasion. It permits enterprises not solely the power to attach with quite a few clients, prospects, and neighborhood members without delay, but additionally lets them entry to options equivalent to backstage, engagement cubicles, participant to participant pace networking, sponsor branding, and occasion analytics.

“Airmeet can scale as much as 100,000 members, assist multi-format occasions equivalent to webinars, hybrid conferences, commerce reveals, and workshops, and are constructing an all-around engagement suite,” Lalit Mangal, cofounder of the corporate, informed Venturebeat. On the core, the corporate says, there are two varieties of areas that may be hosted on the platform — social webinars for companies, entrepreneurs & neighborhood builders and conferences for occasion organizers, businesses, and associations. 

Airmeet choices

Over the past 12 months alone, Airmeet noticed super natural progress, enabling greater than 120,000 occasion organizers to stream 150 million minutes of video airtime globally. The shoppers signing up for the product embrace Flipkart, Fifth Component Group, BMF Media, Unifrog Training, NPower Inc, College School London, Rotman Faculty of Administration, Zircon (Shell Oil), Viacom CBS, Texas Tech College Well being Sciences Heart, and Minnesota State College. 

At current, the platform continues to witness 30% month-on-month progress.

Rivals

Whereas Airmeet’s providing fills a significant hole for enterprises, it isn’t the one participant vying to guide the digital occasions house. Simply when the corporate’s platform launched, two extra occasion gamers got here to the scene — Hopin — which went on to boost $1 billion in funding — and Run the World. Along with this, there are additionally some extra outstanding gamers like Zoom, which has its personal digital occasion providing, and Hubilo, a five-year-old Indian startup that pivoted from offline occasion expertise to turn out to be a web based occasions platform in March 2020.

Regardless of this competitors, Mangal says Airmeet is the one platform carefully replicating real-life occasion areas. He emphasised that their product presents DIY customization, contextual options, video on demand, and intensive in-depth analytics to make sure partaking occasions with excessive ROI. Plus, it is usually the one AI-driven sensible pace networking expertise obtainable within the immersive occasion house, he added.

Airmeet introduced in the present day it has raised $35 million in a collection B spherical led by Prosus Ventures, Sistema, Sequoia Capital India, and RingCentral Ventures. The funding takes the overall capital raised by the corporate to over $50 million.

With this infusion, the corporate plans to speed up progress by increasing its R&D division and strengthening its presence throughout world markets. 

“Most of our present progress has come from NAM & EU so we really feel there’s large demand that we are able to seize,” Mangal stated. He additionally famous that a part of the main target can be on creating consciousness across the product, accelerating go-to-market and strategic initiatives, and exploring alternatives across the metaverse.

“The metaverse is totally one thing that’s on our radar and, we imagine, is the following step in immersive experiences. The pandemic has introduced in a marked shift in the way in which we work, with the adoption of tendencies which are right here to remain. The expansion of distant collaboration and decentralized work life will solely gasoline the demand for extra immersive, partaking, and interactive experiences,” he stated.

In accordance with Markets and Markets, the worldwide digital occasion platform market is anticipated to develop with a CAGR of 12.7%, touching $18.9 Billion by 2026.

VentureBeat’s mission is to be a digital city sq. for technical decision-makers to realize information about transformative enterprise expertise and transact. Be taught Extra


We will be happy to hear your thoughts

Leave a reply

10 Healthy Trends 4u
Logo
Compare items
  • Total (0)
Compare
0
Shopping cart