Agora Announces Steep Customer Growth in Q2

Agora Announces Steep Customer Growth in Q2

PR Newswire

SANTA CLARA, California, Aug. 26, 2020

Demand for Agora's APIs mirrors societal shift towards real-time engagement

SANTA CLARA, California, Aug. 26, 2020 /PRNewswire/ -- Agora, Inc. (NASDAQ: API), a real-time engagement API provider, today announced steep growth across its customer base in Q2 driven by increased demand for real-time engagement (RTE) technology. Agora, with dual headquarters in Santa Clara, California and Shanghai, China, grew its customer base by 85.5 percent year-over-year as of June 2020, and it serves customers in more than 100 countries around the world through more than 10,000 active applications.

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New Agora customers built features like audio and video live streaming into applications even as COVID-19-related social distancing requirements eased. Real-time engagement technology rapidly reached widespread adoption as companies shifted critical business functions to the virtual world. Sources like Gartner report 74% of CFOs plan to shift some employees to remote work permanently post-pandemic, making virtual experiences an integral common part of modern daily life.

"At Agora, it's our goal to make real-time engagement ubiquitous so people can connect from anywhere, at any time in ways that capture meaningful human interactions," said Reggie Yativ, Chief Operations Officer and Chief Revenue Officer at Agora Lab, Inc. "We continue to see interest in RTE and real growth on a global scale from customers across sectors like education and gaming. This reflects a larger cultural shift towards richer virtual interactions in our personal and professional lives, both to create better online experiences, but also to innovate in the new business landscape."

In Q2, Agora inked new partnerships with industry leaders in IT, social gaming, online dating, and more. Partners turned to Agora to create unique use cases like:

Agora partners receive 10,000 free minutes of use each month hosted on Agora's proprietary Software-Defined Real-Time Network (SD-RTN™), which delivers extremely low latency and high availability. This flexible pricing model allows Agora to scale with its customers, making Agora easy to seamlessly build into digital strategies.

For more information about Agora's partners or its live interactive video and voice SDKs for mobile, web or desktop apps, visit www.agora.io.

About Agora

Agora's mission is to make real-time engagement ubiquitous, allowing everyone to interact with anyone, in any application, anytime and anywhere. Agora's platform provides developers simple, flexible and powerful application programming interfaces, or APIs, to embed real-time video and voice engagement experiences into their applications.

Contact: Alexandria Plew, agora@matternow.com

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