Discord Inc

Discord Inc.

Category:
Softwares

COMPANY DETAILS

Company Name

Discord Inc.

Head Quarter

San Francisco, CA

Founders

Jason Citron, Stan Vishnevskiy

CEO

Jason Citron

Inception Date

May 13, 2015

Most Heard Brand

Discord

Total assets

$15 billion

Company Related Blogs

History

OpenFeint founder Jason Citron and Guildwork founder Stanislav Vishnevskiy are the cofounders of Discord. Citron sold OpenFeint to create Hammer & Chisel in 2012. After that, they released Fates Forever in 2014. After that, Citron decided to make a chat service focused on user-friendliness. He also ensured that it had a minimal impact on the performance. The company gained funding for development from Tencent, Benchmark Capital, and YouWeb.

Discord is built to manage and create private & public communities. It gives you access to focus on different services, including personal chats, video calls, and voice calls. It gives you the ability to send messages and create groups. Discord owns more than 450 servers, along with the additional community servers. With the Server Boost feature, you can get more emojis, high-quality voice channels, and other perks.

Discord was first released in May 2015 to target a specific audience and was soon widely used by LAN tournament gamers and Esports gamers. Later in 2018, Microsoft offered Discord support for Xbox users. It allows users to connect with their friends through the Discord app. After that, the company changed its motto to Chat for Communities & Friends. In 2020, the company changed its primary domain to discord.com.

The company shifted its focus to chat and communication and revised its website. Discord rebranded its logo and changed its color palette in 2021. Later in 2021, the company acquired Sentropy and used the tools to monitor Discord servers. It helped the company to prevent user harassment. Discord was able to capture users leaving Facebook and other social media platforms.

Discord partnered with YouTube to allow its users to watch YT videos. In November 2022, CNIL fined the company for the violation of GDPR. Now, the Discord app is considered the instant messaging social platform with the help of servers. You can access the voice channels and chat rooms with the help of invite links. You can use it on any web browser, Linux, iPadOS, iOS, Android, macOS, or Windows device. The application has more than 150 Million monthly and 350 Million registered users.


Market share and Current Stage

Discord Inc

Discord has progressed beyond its gaming planet and has become an easy-to-communication platform for various digital communities in a time of online hangouts.

As the company grows, it stays loyal to its bizarre, ad-free business concept. Discord, a digital chat platform, was primarily developed to offer gamers a hub online. But since its introduction in 2015, Discord has evolved and become popular among people. Discord can be seen as the only cross-platform voice and text chat app designed especially for gamers. It is working relentlessly to build easy-to-use communication services for people offering them a perfect platform to talk, build relationships and belong.

The Company Discord secured $995.4 million in funding across 16 rounds. As of March 12, 2022, you can see their most recent fundraising occurring from a secondary market. It has 31 investors, with its most recent sponsors Arcane Group and Flat Capital.

Discord includes a market share of 13.97% in the game development market. It competes with around 111 competitor tools in the category of game development. In 2023, more than 4303 companies worldwide have begun using Discord as a game development tool. The top industries that are using Discord for Game development are Blockchain (202), Marketing (181), and Education (171).

Competitor Analysis

Some of the top Discord competitors are EA, Curse, Twitch, and Xfire.

Electronic Arts (EA)

  • It is a company that provides digital interactive entertainment.

Curse

  • It is a global multimedia and technology company that is well-known for creating content & products for gamers.

Twitch

  • This Company develops a social video platform and community for gamers, video game culture, and the creative arts.
  • The Alexa rank of Discord is 82, and the Alexa rank of Electronic Arts, Curse, and Twitch is 82, 420, 376438, and 70 respectively.

FAQ'S

Jason Citron and Stan Vishnevskiy are the founders of the company. They founded Company Discord inc. in the year 2012.
While the company's owner is Stan Vishnevskiy & Jason Citron, the ownership and information related to its shares are kept secret.
Discord is basically a voice, video, and text communication service. Over a hundred million people utilize this service to communicate with friends and communities.
Discord has more than 350 Million registered users and 150 Million monthly active users.
The Discord app was first released on May 13, 2015. Now it is available in more than 30 languages.

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