Airtime, from Shawn Fanning and Sean Parker, to launch in June

Airtime, the social video startup founded by Napster co-founders Shawn Fanning and Sean Parker, is going to publicly launch on June 5, according to a tweet the company sent out Tuesday.

Airtime has been operating more or less in stealth mode, but the company is said to take the idea of Chatroulette to the next level, pairing strangers for real-time video communication and sharing. However, it looks like the site will be less about anonymous interaction, and more about getting to know people. Airtime is currently doing a closed beta test with around 4,000 monthly active users, according to data from its Facebook app.

The company recently redesigned its website, and its terms of service include references to sharing video, text and pictures. Additionally, some bits and pieces found on Google suggest that users may be able to watch live video streams together.

Airtime received around $8 million in funding, and its website lists “Founders Fund, Accel Partners, Andreessen Horowitz, Google Ventures, SV Angel, Yuri Milner, Ashton Kutcher,, Scott Braun, and Michael Arrington” as investors.