The deep dive · Private · Read November 4, 2026

LiveKit

Open-source plumbing for realtime voice and video AI, the network behind ChatGPT's voice mode. Valued at $1B in January 2026, though its last public revenue figure is a 2024 run rate above $10M.

LiveKit, Jan 22, 2026; TechCrunch, Apr 10, 2025
Valuation
$1B at the January 2026 Series C led by Index Ventures. No earlier valuation was published by the company.
Raised
About $183M $83M across seed, Series A and Series B, then $100M in the Series C.
Revenue
$10M+ run rate (2024) the CEO's figure for 2024, with 500+ paying customers. Nothing newer is public.
Watch
Model labs as customers OpenAI built ChatGPT voice on LiveKit; xAI's Grok voice stack is offered through it too.
AI
Agents are the product Agents framework downloaded 1M+ times a month; hosted agents, model gateway and simulations sit on top.
Liquidity
None reported no staff tender offer or secondary sale found; shares are not listed.
Hiring
27 → 28 remote listings since Oct 10.
01 · The business

Free open source, paid cloud by the minute.

The media server and Agents framework are free under the Apache 2.0 license. LiveKit Cloud charges plans from $0 to $500 a month plus usage, such as $0.01 per agent session minute past the included amount, with custom enterprise deals. LiveKit Inference resells speech and language models from providers like OpenAI, Deepgram and ElevenLabs on one bill. No revenue split is published.

LiveKit pricing, checked Nov 3, 2026; LiveKit, Oct 1, 2025
The moat, in three parts
  1. 1
    The default open-source stack for voice agents
    The media server repo has about 22,000 GitHub stars and the Agents repo about 15,000. LiveKit says Agents is downloaded over 1M times a month.
    GitHub, checked Nov 3, 2026; LiveKit, Jan 2026
  2. 2
    Proof at the biggest scale
    OpenAI runs ChatGPT voice over LiveKit Cloud. Named users include Salesforce Agentforce, Tesla, Spotify, Meta and Microsoft, and LiveKit says a quarter of US 911 dispatch centers use it.
    LiveKit, Apr 10, 2025; LiveKit, Jan 22, 2026
  3. 3
    More of the stack in one place
    Beyond transport, it now sells agent hosting, phone numbers, a model gateway, observability, simulations and a robotics stack, plus its own open turn detection model.
    livekit.com/llms.txt, checked Nov 3, 2026
The competition, by what it is worth
  • Twilio
    $31.5Blisted, Oct 30 close
  • LiveKit
    $1.00BSeries C, Jan 22
  • Vapi
    $500Mprivate, May 12

Private values are the last reported round; they can be stale. Listed values are market value. Bars start at zero.

02 · Funding

Every round, and what its terms give away.

LiveKit is private, so there is no share price. What its investors paid, and on what terms, is the closest thing to one.

$1.00B
latest valuation, Series C Jan 22
$183M
raised in all
$10M
run-rate, as of Apr 10
50
employees, as reported

CEO called finances quite healthy; no figures.

TechCrunch, Apr 10, 2025 (2024 run rate, about 50 staff); SiliconANGLE, Jan 2026
5 rounds and offers, newest first
  1. Jan 22
    Series C$100M at $1.00B
    Led by Index Ventures. About 10% of the company, if all new shares
    Salesforce Ventures joined; Altimeter, Redpoint and Hanabi returned. Pre or post money not stated.
    LiveKit, Jan 22, 2026; SiliconANGLE
  2. Apr 10
    Series B$45M
    Led by Altimeter
    Altimeter doubled down after leading the A. Hanabi Capital (Mike Volpi) joined. Total raised reached $83M.
    LiveKit, Apr 10, 2025
  3. Jun 4
    Series A$23M
    Led by Altimeter
    Redpoint and AI angels joined. Form D/A shows $21.9M sold to 21 investors. Forbes reported a $110M valuation, citing an unnamed source.
    LiveKit, Jun 4, 2024; SEC Form D/A, Jul 29, 2024; Forbes Argentina
  4. Aug 30
    Seed extension$7.3M
    Led by Not disclosed
    Not announced. Form D shows $7.3M sold to 4 existing investors, first sale Aug 30, 2022.
    SEC Form D, filed Sep 6, 2022
  5. Dec 13
    Seed$7.0M
    Led by Redpoint Ventures
    Angels included Justin Kan and Elad Gil. No revenue at the time; about 15 staff.
    TechCrunch, Dec 13, 2021; Redpoint
Round-terms checks
No flags found · last raise 9 months ago

Clear: checked, nothing found. Flag: found, with the source. Open: could not be checked.

Going public

No filing reported

03 · Footnote flags

What the record says, and what we think it means.

The fact is the source's. The read, in italics, is ours.

  1. 01
    Good

    ChatGPT voice runs on LiveKit.

    OpenAI put a LiveKit client SDK in the ChatGPT app; users and the AI connect over LiveKit Cloud. Announced October 2024.

    The best possible reference customer. It also means a large share of traffic could sit with one buyer; no split is published.

    LiveKit, Oct 3, 2024
  2. 02
    Watch

    Valuation far ahead of known revenue.

    The last public figure is a run rate above $10M in 2024, stated by the CEO. The Series C priced the company at $1B without a revenue number.

    Investors are paying for expected voice AI growth. Newer revenue is likely much higher, but it is not public.

    TechCrunch, Apr 10, 2025; LiveKit, Jan 2026
  3. 03
    Neutral

    Bought Loophole Labs in September 2026.

    The eight-engineer team built a hypervisor that moves running workloads between servers. Price not disclosed. LiveKit aims to cut agent start times below three seconds.

    Its first disclosed acquisition: a small team buy to fix a hosting gap, not a big bet.

    LiveKit release via Fortune, Sep 24, 2026
  4. 04
    Neutral

    It now resells AI models.

    LiveKit Inference bills OpenAI, Deepgram, ElevenLabs and other models at provider rates on one LiveKit bill. A finance job post calls its credit-based, usage-priced revenue very complex.

    Resold inference can lift reported revenue but at thin margins. How it is booked (gross or net) is still being set.

    LiveKit job post, checked Nov 3, 2026; LiveKit, Oct 1, 2025
  5. 05
    Watch

    Customers can run it for free.

    The media server and Agents framework are Apache 2.0 licensed and can be self-hosted. LiveKit Cloud is the paid, managed version.

    Open source wins adoption, but big users can leave the cloud. Paid features like hosted agents and inference are the defense.

    GitHub, checked Nov 3, 2026
  6. 06
    Good

    Large enterprise deployments.

    LiveKit says Salesforce Agentforce voice agents and Tesla's sales, support and roadside voice AI run on it. Salesforce Ventures invested in the Series C.

    Enterprise buyers bring bigger, stickier contracts than startups. Customer revenue per account is not disclosed.

    LiveKit, Jan 22, 2026
  7. 07
    Neutral

    A four-person board in 2024.

    The 2024 Form D/A lists co-founders Russell d'Sa and David Zhao as officers and directors, with directors Patrick Chase and Benjamin Ball Jr.

    A small founder-led board. No newer filing shows changes after the Series B or C.

    SEC Form D/A, filed Jul 29, 2024
  8. 08
    Good

    Hiring is almost all remote.

    Of 29 open roles on Nov 3, 2026, 28 were remote across North America, the UK, Ireland and Germany. One developer advocate role is hybrid in San Francisco. All list pay ranges and equity.

    A remote-first setup that extends to Europe. Check each posting's country.

    LiveKit job board, checked Nov 3, 2026
04 · Who gets paid most

Engineering is paid 33% over market.

Still Remote data, daily since Oct 10
Posted pay against the same level at other remote employers
Compared level by level against 400+ remote employers, then averaged. Number of posted ranges beside each team.
AI and ML listings, Oct 10 to Nov 3
0 → 0no change
Remote listings, same days
27 → 28+4%

We save every company's roles, pay by team and level, AI share and churn every day, so each month this page can say more. Sparklines use their own scale.

05 · Built for the agentic era?

Can AI agents do business with LiveKit?

We checked the agent payment programs, developer docs and site rules an AI assistant would meet.

Our verdict

Built for agents. It sells agent infrastructure, and its site and docs ship llms.txt, an MCP server and agent skills.

Still Remote read
Live
  1. An MCP server agents can call
    A public Docs MCP server at docs.livekit.io/mcp searches docs, changelogs, pricing and LiveKit code. It covers docs, not account actions.
    LiveKit MCP server card, checked Nov 3, 2026
    Yes
  2. Skills for AI coding tools
    Publishes installable agent skills, such as one for building LiveKit agents, plus a CLI command that sets them up in Claude Code, Codex and Cursor.
    LiveKit agent skills index, checked Nov 3, 2026
    Yes
  3. Site and docs AI tools can read
    livekit.com/llms.txt (about 3,800 characters) and docs.livekit.io/llms.txt (about 8,200) both exist. Docs pages serve Markdown by adding .md.
    checked Nov 3, 2026
    Yes
  4. Lets AI crawlers read its site
    robots.txt allows all bots and names no AI crawlers. It blocks only /benchmarks/workflow on the main site and /styleguide on docs.
    checked Nov 3, 2026
    Yes
  5. Machine-readable list of its agent tools
    A /.well-known/ard.json file lists the Docs MCP server and agent skills, with a last-verified date of Oct 22, 2026.
    checked Nov 3, 2026
    Yes
  6. Its own agent products
    Its core product is a framework and cloud for voice, video and physical AI agents. Agents built on it can call outside MCP servers as tools.
    LiveKit docs, checked Nov 3, 2026
    Yes
05 · Inside the company

Where LiveKit puts AI to work.

AI and ML job titles, share of open remote listings
LiveKit
0.0%
Every company we track
6.4%
0 of 28 LiveKit listings on Nov 3. Scale 0% to 10%.
  1. 1
    Trains and hosts its own models
    LiveKit built an open turn detection model that runs on CPU, hosts models next to its cloud agents, and is hiring a research engineer to post-train open-weight models for its agents.
    LiveKit job post, checked Nov 3, 2026; LiveKit, Jan 2026
  2. 2
    AI tools expected in most roles
    Job posts ask designers, finance and operations hires to use AI tools in daily work, and a sales systems role builds agent workflows on top of Salesforce and HubSpot.
    LiveKit job posts, checked Nov 3, 2026
06 · What the hiring says

Fewer listings than on Sep 7, most of them in engineering.

Remote listings on its board, dailyAxis starts at zero
Listings as the board shows them, so a title posted in several places counts each time. Team counts are open roles, repeated titles once.
14 of 24
roles are engineering
3
operations roles, the next biggest team
4
countries named in its remote roles, led by United States
+3
new roles in the last 7 days
07 · Private scenario builder

What has to be true for $1 billion to hold?

The starting revenue is LiveKit's own reported figure. A way to think, not a forecast, and not investment advice.

Run rate above $10M in 2024, stated by co-founder Russ d'Sa to TechCrunch on Apr 10, 2025. No newer figure published.
No growth rate has been published.
Competition
Economy
At the Series C price, about $100 per $1.
$
Worth in two years, in your world
$1.57B
+57% vs the $1.00B Series C
$20M revenue, growing +40% a year after competition and the economy
Series C $1.00B
$0$2.40B
Up round territory

At 80x, LiveKit needs $13 million of revenue to be worth $1 billion. Your world gets there with $20 million, so the next round likely prices above the last.

Your equity, two years out
$156,800

$100,000 of equity valued at the $1.00B Series C price would be worth about $156,800 on paper in this world, before dilution from new rounds, taxes and vesting. Private shares only turn into cash at a sale, an IPO or a tender offer.

A way to think, not a forecast, and not investment advice.

LiveKit, Jan 22, 2026; TechCrunch, Apr 10, 2025
08 · Where it looks headed

The signals, and which way they push.

  1. Tailwind
    Voice agents are spreading fast.

    LiveKit reported over 3 billion calls a year in April 2025 and 100,000+ developers. By January 2026 Agents was downloaded over 1M times a month.

  2. Tailwind
    Model labs route voice through it.

    OpenAI's ChatGPT voice and xAI's Grok voice stack both use LiveKit, and new realtime models land on LiveKit Inference.

  3. Tailwind
    A second market in robots.

    LiveKit Portal (June 2026) handles teleoperation and remote inference for robots, a market beyond phone and app voice.

  4. Headwind
    Funded rivals higher up the stack.

    Vapi raised $50M in May 2026 at a reported $500M and won Amazon Ring's support calls. Twilio and Agora sell realtime voice too.

09 · Bold predictions

Where LiveKit ends up, if we had to bet.

Our calls, not facts. Each one is tied to something that already happened, so you can judge the reasoning.

  1. 1

    LiveKit lists on a US exchange by 2031.

    Long shot 16%IPO

    It is young, with a $1B valuation set in January 2026 and a last public run rate of about $10M. No IPO talk or filing has been reported.

    LiveKit, Jan 2026; TechCrunch, Apr 2025
  2. 2

    LiveKit buys more small infrastructure teams by 2031.

    Likely 72%M&A

    It bought Loophole Labs in 2026 to speed up agent hosting. The Series C was raised to add compute, storage and network services.

    LiveKit release via Fortune, Sep 2026; SiliconANGLE, Jan 2026
  3. 3

    A cloud or AI company buys LiveKit by 2031.

    Coin flip 50%Sale

    Its biggest users include OpenAI, Salesforce and Microsoft, which could want to own the voice layer. A $1B price and founder control may keep it independent.

    LiveKit release via Fortune, Sep 24, 2026
  4. 4

    Hosted agents and resold inference bring in more money than basic media transport by 2031.

    Coin flip 50%Revenue

    LiveKit now sells agent hosting, simulations and a model gateway on top of the free server. Per-minute agent billing and inference credits scale with every call.

    LiveKit pricing, checked Nov 3, 2026
  5. 5

    LiveKit is still the most used open-source voice agent framework in 2031.

    Likely 72%Competition

    Its two main repos have about 37,000 GitHub stars combined and top AI labs build on it. Model labs could still build their own transport and cut it out.

    GitHub, checked Nov 3, 2026

Read by the Still Remote research agent on November 4, 2026 from the sources linked on this page. Facts and scenarios only, not investment advice.