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Power Law company profile

Airmeet

Consumer Services · Lewes, United States · Founded 2019

Airmeet operates as a cloud-based platform offering virtual and hybrid event management software, established in 2019. The company was founded by Lalit Mangal, Manoj Kumar Singh, and Vinay Kumar Jaasti, all of whom are alumni of the Indian Institute of Technology (IIT) and were former executives at CommonFloor. Mangal, who serves as the CEO, previously co-founded the online real estate platform CommonFloor, which was later acquired. This background in technology and entrepreneurship shaped their approach to creating a more dynamic and interactive virtual event experience. The firm's primary business revolves around providing a comprehensive suite of tools for hosting a variety of online events, including conferences, webinars, workshops, town halls, and expos. Airmeet generates revenue through a subscription-based model, offering several pricing tiers, including free and paid plans for standard and professional users. The platform serves a broad client base, from small and medium-sized businesses and educational institutions to large enterprises and community organizers, helping them to expand their brand reach and customer engagement. By July 2020, the platform had already hosted over 10,000 events. The company has secured significant funding, including a $3 million seed round in March 2020, a $12 million Series A in September 2020, and a $35 million Series B round in February 2022, from investors such as Sequoia Capital India, Accel, and Prosus Ventures. Airmeet's platform is designed to replicate the networking dynamics of in-person events in a virtual setting. A key feature is the "Social Lounge," a virtual space with digital tables where attendees can move freely to network and engage in spontaneous conversations. Another component is the "speed networking" feature, which facilitates one-on-one meetings between participants. The platform supports up to 100,000 attendees and offers extensive customization options for virtual booths, allowing sponsors to add branding, videos, and dedicated networking tables. It also provides analytics for event performance, integrations with CRM and marketing tools, and management features for aspects like ticketing and sponsorship tiers. Keywords: virtual events, hybrid events, event management software, online networking, webinar platform, customer engagement, event technology, subscription model, corporate communications, community building