StreamAlive raises $1.53 million funding in pre-seed

CHENNAI: Livestream engagement SaaS startup StreamAlive has raised an oversubscribed pre-seed funding of $1.53 million led by deep-tech and early investor, Speciale Invest.
Other marquee investors included micro VC funds, founders of private-company software unicorns, MIT professors, CEOs of public companies and other angel investors and senior executives at various companies.The fresh funds will be invested in engineering and product development to advance features of the tech-enabled platform and establish multiple signals of product-market fit.
Founded in 2021 by Lakshmanan (Lux) Narayan, Joseph (Joe) Varghese and Lakyntina (Tina) Lyngdoh, StreamAlive’s unique SaaS (Software as a Service) application has been designed to work with all major streaming and meeting platforms from YouTube to Zoom and from Twitch to Teams. The app makes live streams highly interactive and engaging for wider audiences and works to get 95% of the audience involved and making audience engagement at scale truly possible. The company has also filed for a provisional patent for its unique cross-platform approach to live audience engagement.
Lux Narayan, CEO & co-founder of StreamAlive, said, “Getting investments from exceptionally high-valued investors only fuels our ambition and philosophy of engaging the last person in the audience. The initial target for this round was $1.2m and it ended-up being over-subscribed; this is quite exciting for us.”