Snapchat's new video chat lets you initiate video chats within seconds across a great variety of smartphone hardware, which is no small feat.
Add Live had previous experience in the space, providing business-to-business voice and audio services for Citrix and a variety of other companies.
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The company is considered a leader in the browser-based video space, having won the "Best Web RTC Tool" in 2013 awarded by the Web RTC Conference & Expo.
While we don't know the exact details of the deal, with over 0 million raised and a relatively small team of 70, Snapchat had some money to burn.
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We have no further comment at this time." The deal went through several months ago, sources say, after Snapchat went on the hunt for companies with the expertise to handle the video platform it envisioned.
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