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.
.jpeg)
Even if you're doing it all yourself for now, here is an overview of the key operational areas that your business ought to have
Medtech company Manus raises £1.2m to help with the roll-out of its NeuroMotor pen designed for use in the diagnosis and monitoring of neuromotor impairments
BondAval secures $1.64 Million Pre-Seed funding to help accelerate its product roll-out, further develop its machine-learning technology and expand its team
.jpeg)
Ensuring that employees feel like they're valued is vital for all businesses - here are some basic tips on how you can ensure that you do just that
By Bits enables insurance firms to transform customer experience and meet the growing demand for usage-based insurance
The lowdown on Housemates, the Manchester-based startup that's on a mission to make securing student accommodation easier than ever before
Proximie is a platform that uses artificial intelligence, machine learning and augmented reality to enable clinicians to collaborate virtually
New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
The accolade this week goes to MyPlasticDiary, an innovative app which will enable you to track, understand and reduce your plastic footprint
The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
Published on: 20th May 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Manus secures funding to support launch of its Parkinson's Pen 26th Jan 2021 Medtech company Manus raises £1.2m to help with the roll-out of its NeuroMotor pen designed for use in the diagnosis and monitoring of neuromotor impairments
- B2B insurtech BondAval secures major funding 26th Jan 2021 BondAval secures $1.64 Million Pre-Seed funding to help accelerate its product roll-out, further develop its machine-learning technology and expand its team
- Where are the UK’s most ambitious people in 2021? 21st Jan 2021 New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
- No-Code Chatbot Builder Landbot Secures $8M Series A 20th Jan 2021 The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
