Brytlyt raises $4m Series A to turbocharge real-time data analytics
by Startacus Admin
Brytlyt, provider of the world’s fastest data analytics and visualisation technology, has raised $4 million in Series A funding from global technology investor Amadeus Capital Partners and Finch Capital.
Until now, sectors with billion-record data sets such as telcos, retail and finance, have struggled to use their data to gain insights into company performance and improve customer experience and retention. This is because legacy systems were unable to handle ad-hoc analyses of such large data in real-time.
Brytlyt uses its patent-pending software and artificial intelligence (AI), combined with GPUs, to derive insights 1,000 times faster than legacy systems. It is the only company to combine AI and open source relational database PostgreSQL for GPU-powered data analytics.
Founded in London in 2013, Brytlyt, helps the world’s largest telcos, retailers and financial institutions to make sense of their data through analysis and visualisation technology.
Its flagship product, the SpotLyt visualisation tool, is designed for a responsive user experience.
SpotLyt can handle complex queries on billions of rows of data, delivering results in milliseconds in the form of user-friendly graphics, maps and charts. With faster, clearer visual analysis, customers can interpret their end-users’ behaviour in essential areas such as fraud prevention, attracting and retaining customers, network performance optimisation and risk management, supporting better decision-making and improved outcomes.
Brytlyt’s founder and CEO, Richard Heyns said, “We are incredibly excited to gain support from Amadeus and Finch for the next phase of our company's growth. Analytics and data are growing exponentially and it’s clear the future of processing must lie in GPUs, with their enhanced capacity for data crunching and deep learning.”
Nick Kingsbury, Partner, Amadeus Capital Partners said, “The Brytlyt team has built very impressive high-performance database technology. Amadeus is pleased to be supporting Brytlyt as they invest in product innovation, enabling customers to extract real-time, actionable insights from massive data sets.”
Andrei Dvornic, Investment Manager, Finch Capital said, “Brytlyt is enabling companies to leverage machine learning and big data analytics at great scale in order to solve the world's hardest problems. Richard and the team are talented tech developers and we are delighted to join them on their journey."
Brytlyt will use the new funding to build a strong sales operation, enter new markets and grow its world-class engineering team.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Third-generation German shipowner turned venture capitalist, Christian Oldendorff, is one of the youngest leaders, recognised in The Thirty@30 Years list
Briiv is a Yorkshire-based startup that has created a new type of air purifier, inspired by nature and powered by Nanotechnology
.png)
The lowdown on the Liverpool-based Nova programme that is on the hunt for ambitious, early-stage founders and teams from throughout the UK to be part of its next cohort
We take a look at some basic tips on how social media has evolved and how small business owners can make it work to their advantage
Wakuda is a new e-commerce marketplace for black-owned businesses in the UK that aims to stimulate the black economy and help empower the black community
Resilience and Recovery, a new report from The Female Founders Forum is released outlining the impact of COVID-19 on female-founded, equity-backed businesses
Landscape launches - the platform that’s bringing transparency to fundraising founders and is being described as the ‘Glassdoor for Venture Capital’
The global early-stage venture capital firm Antler reveals that it has invested in 7 tech startups from its second UK cohort
The Dublin-based startup that's created an affordable and convenient lens replacement service for glasses
The startup that lets you handpick content from leading publications and turn it into beautifully narrated audio you can listen to any time, anywhere
Published on: 20th May 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Nova seeking ambitious founders for its co-foundery programme 15th Oct 2020 The lowdown on the Liverpool-based Nova programme that is on the hunt for ambitious, early-stage founders and teams from throughout the UK to be part of its next cohort
- Impact of COVID-19 on female-led businesses 13th Oct 2020 Resilience and Recovery, a new report from The Female Founders Forum is released outlining the impact of COVID-19 on female-founded, equity-backed businesses
- Landscape - transparency for fundraising founders 13th Oct 2020 Landscape launches - the platform that’s bringing transparency to fundraising founders and is being described as the ‘Glassdoor for Venture Capital’
- Antler invests in 7 new UK tech startups 12th Oct 2020 The global early-stage venture capital firm Antler reveals that it has invested in 7 tech startups from its second UK cohort
