# Livepeer

> Livepeer is an open, permissionless network that turns idle GPUs around the world into a decentralized marketplace for video infrastructure. Founded in 2017 by Doug Petkanics and Eric Tang, it began as a low-cost alternative to centralized video transcoding and has since expanded into real-time AI video - letting developers generate, transform and interpret live streams on a token-incentivized GPU network rather than expensive cloud providers.

- **Founded:** 2017
- **Headquarters:** New York, United States
- **Founders:** Doug Petkanics (Co-founder & CEO), Eric Tang (Co-founder & CTO)
- **Team size:** ~29 employees
- **Products:** Livepeer Network, Livepeer Studio, Daydream, Cascade, LPT Token
- **Notable:** Raised $51M total across four rounds, including a $40M Series B from Tiger Global, DCG and Alan Howard., Built one of the largest decentralized video networks, scaling to thousands of concurrent streams on idle GPUs., Pioneered token-incentivized video transcoding as an alternative to centralized cloud encoding.

## Products & services

- **Livepeer Network** — An open, permissionless decentralized marketplace where GPU operators ('Orchestrators') perform video transcoding and AI inference jobs, coordinated and secured by the LPT token.
- **Livepeer Studio** — A developer platform and API for building live and on-demand video applications on top of the network - sometimes described as an 'Airbnb for computers' focused on video.
- **Daydream** — A real-time AI video engine and open-source community hub for generative overlays, prompt-based video effects, avatar transformations and world-model technology.
- **Cascade** — A framework extending the network from transcoding into persistent, live AI media processing, with multi-container GPU orchestration and support for streaming AI agents.
- **LPT Token** — The native staking and coordination token that aligns incentives between GPU providers, applications and delegators securing the network.

## Achievements

- Raised $51M total across four rounds, including a $40M Series B from Tiger Global, DCG and Alan Howard.
- Built one of the largest decentralized video networks, scaling to thousands of concurrent streams on idle GPUs.
- Pioneered token-incentivized video transcoding as an alternative to centralized cloud encoding.
- Expanded into real-time AI video with the AI Subnet, Cascade framework and Daydream engine.
- Daydream launched a public beta in May 2025 for real-time prompt-based video effects and avatar transforms.

## Latest updates

- **2024-01** — Doug Petkanics proposed extending Livepeer's GPU infrastructure beyond transcoding into AI video computing via a Special Purpose Entity.
- **2024-09** — AI Subnet launched to support decentralized inference workloads like text-to-image and image-to-video.
- **2025-05** — Daydream public beta launched, enabling real-time prompt-based video effects and avatar transformations.
- **2025-11** — Daydream launched Scope and expanded StreamDiffusion with SDXL support, advancing open-source real-time AI video.

## Links

- Website: https://livepeer.org
- LinkedIn: https://www.linkedin.com/company/livepeer
- Twitter/X: https://twitter.com/livepeerorg
- GitHub: https://github.com/livepeer
- Facebook: https://facebook.com/livepeer/

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Profile page: https://yespress.io/livepeer
Published by YesPress — https://yespress.io
Last updated: 2026-06-14