Rapid growth in services using the WebRTC protocol has forced Faultline to pay attention to the vast number of companies emerging from the woodwork towards opportunities in low latency, two-way streaming – and away from traditional CDNs. One such company is Chicago-based Phenix, which promises that live content can get from a camera to a streaming device in 500 milliseconds. This is far under the bracket of what is considered ultra-low latency, a term that refers to any end-to-end stream that takes less than one second. “Over the past two years, the desire to get closer to real time has grown exponentially,” the company’s CMO, Jed Corenthal, told Faultline this week. The 10 to 40 seconds delay experienced with…