WebRTC Funding In 2016 And 2017 So Far: Impressive
Posted On May 23, 2017 by Andy Abramson in Blog, Ecosystem, Media
For the last several years, Web Real-Time Communication (WebRTC) has been gaining steam in the world of telecommunications. While the technology hasn’t amassed enormous amounts of mainstream media attention, it has drawn the interest of private investors and venture capitalists who share a belief in the tremendous potential and demand for real-time communications solutions powered by WebRTC.
So, just how hot is WebRTC right now? According to Blacc Spot Media, WebRTC companies received a whopping $2.7 billion in funding in 2016. Snap Inc. received the bulk of this funding, after raising $1.7 billion. The remaining $973 million went to over 40 companies offering a variety of WebRTC products and services.
These numbers are even more impressive when you consider total funding from 2015. And if you remove Snap Inc’s total funding for 2015 and 2016, there is a 74 percent increase in YoY capital for the production of WebRTC products and services.
So far, 2017 is already set to go down as historic. Snap Inc. went public and raised US$3.4 billion in its IPO on 3 March 2017. Whatever you might think of their recent results, that is the biggest U.S. technology IPO since Alibaba Group Holding Inc in 2014.
“This is tremendous news,” says Bent Rye, CEO of Temasys. “That investors are pumping so much capital into companies using WebRTC speaks volumes about the overall state of the industry, and the direction it’s heading. We’re optimistic, as the signs indicate that 2017 will be a massive year for embedded real-time communications, as investors are demonstrating confidence in the technology and willingness to fund new projects.”
Is all this investment really about “WebRTC funding”?
If you’re feeling skeptical, you might argue that these investments were not all specifically targeted at funding WebRTC projects and companies. Let’s think about that for a second.
One of the key benefits of using WebRTC is that it allows communications capabilities to be embedded in any application, as a feature. There is an impossibly large number of different types of businesses, across different verticals and use cases, which could all benefit from bringing features powered by WebRTC into the context of the user experience for those apps.
There are lots of companies — large and small — that are already using WebRTC today, who may not even tell you about it. You can count companies like Facebook and Amazon.com among them. The technology simply shows up and goes to work for them and their customers every day. According to Google (mid-2016), there were more than 1,200 WebRTC-based companies and projects in the wild (and they just looked at GitHub). So, it’s possible that the size of the WebRTC funding pool is larger than we think. From any angle, these are exciting times for WebRTC.
If you are new to WebRTC, want to get started and are not sure how don’t be intimidated. You don’t have to be a master developer to equip your business with embedded real-time communications. One easy solution? Partner with a reliable WebRTC enabler like Temasys. Temasys can help you bring embedded real-time communications to your web and mobile apps.