Brytlyt raises a further $5M investment to continue its impressive growth in the Real-Time Data Analytics Sector

22nd December 2021 by Richard Johnson

  • Brytlyt’s serverless analytics process provides instant visual data analysis 1,000x faster than comparable legacy systems
  • Founder pioneered use of Graphics Processor Units (GPUs) for processing database operations and data science workflows
  • Recently launched Brytlyt.io, a fully serverless deployment model for GPU-accelerated analytics and data science workloads
  • Patented and IP protected technology provides unmatched analytics speed
  • The technology is already being used to drive sustainability, efficiency, and profitability in sectors such as telecommunications, genomics, logistics, healthcare and financial services.

London, UK, 20 December 2021 Brytlyt, provider of the world’s fastest data analytics and visualisation technology, has raised a $5 million Series A extension from AlbionVC and existing investors Amadeus Capital Partners and Finch Capital. The new funding will be used to expand Brytlyt’s growth across Europe and USA with both recruitment and deployment of new products a key focus.

The investment marks the release of Brytlyt.io, a fully serverless deployment model for analytics and data science workloads. This unique capability comes at a time when the data analysis sector is forecast to be worth more than $75 billion by 2024, covering applications in AI and Business Intelligence (Morgan Stanley, 2021).

Until now, sectors with billion-row 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.

Brytlyt was founded after husband-and-wife duo, Richard and Maria Heyns, experienced how critical analytics issues drastically slowed processes and time-to-insight at other companies. Brytlyt, built on PostgreSQL, was developed to accelerate query times and processes to the speed-of-thought, whilst maintaining a clear strategy for real-world application and accessibility, allowing for swift integration into a business’s day-to-day processes while utilising existing skillsets.

Brytlyt simplifies speed-of-thought analytics with the next evolution of serverless technology, reducing the need for data pipelines or compromised analysis because of data aggregation. Brytlyt’s accelerated analytics platform allows businesses, including Umlaut and GBM, to interactively explore and interpret complex data sets composed of millions through to billions of data sample points. As a direct result of the ultrahigh speed data processing capacity, organisations can rapidly increase their competitiveness and revenue.

Richard Heyns, CEO of Brytlyt, commented: “The success of this investment is a ringing endorsement of Brytlyt and our trajectory, and will give us the resources to drive our strategic growth. The launch of Brytlyt.io delivers a unique way to access high performance analytics tooling and is a genuine catalyst for positive disruption in data analytics. I believe the data analysis marketplace is at an inflection point with Brytlyt a leading contributor.

“We are very proud that earlier investment partners Amadeus and Finch are now partnered with AlbionVC. Their combined support gives us confidence to achieve our strategic growth objectives,” concluded Heyns.

Cat McDonald, Investor at AlbionVC, said: “Organisations that can extract insights from big data in a timely manner will be the leaders of tomorrow. Our investment in Brytlyt.io is in firm support of that thesis. We are therefore delighted to welcome Brytlyt.io, and visionary founder Richard, into our growing portfolio of cutting-edge data companies that includes Quantexa, Solidatus, Elliptic and more”

Nick Kingsbury, Partner, Amadeus Capital Partners, added: “Since our initial investment the company has continued to win customers and innovate. The latest product, Brytlyt.io, offers world-beating performance with corresponding lower compute cost for data intensive analytics applications, provided on a pay-per-use basis.”

For more information, please contact:

contact@brytlyt.com

Notes to editors:

  • Only in-database AI GPU analytics program built on PostgreSQL
  • Alternative quote from Richard: We are bridging the gap between the old SQL world and the new and exciting world of AI, enabling companies to bring their infrastructure up-to-date and extract value from their data in real-time.”
  • Images found here

About Brytlyt

Brytlyt’s vision is to empower the transformation of data into meaningful insight at the speed of thought.

As market leader, Brytlyt is on a mission to innovate next-generation data solutions that are powerful, brilliant to use and easy to access for people to solve tough analytics problems

Brytlyt’s product suite includes the fastest and most advanced GPU accelerated database in the world, with in-database AI capability and a comprehensive analytics workbench. The platform seamlessly integrates with your existing systems to accelerate your analytic workloads and empower speed of thought analytics on billion-row datasets.

We work with global clients in a range of sectors including Telecoms and Transport, and have partnerships with leading companies, including TIBCO Spotfire, Nvidia, and IBM.

The serverless Brytlyt.io combines our product suite of BrytlytDB, Spotlyt and BrytMind and 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.

About Amadeus Capital Partners

Amadeus Capital Partners is a global technology investor. Since 1997, the firm has raised over $1bn for investment and used it to back more than 180 companies. With vast experience and a great network, Amadeus’ team of investors and entrepreneurs share a passion for the transformative power of technology.

Pioneering businesses we’ve backed include eye tracking leader Tobii (TOBII.ST); sequencing company Oxford Nanopore Technologies (LON: ONT); cyber security vendor ForeScout (NASDAQ:FSCT); Graphcore, innovators in intelligent microprocessors; IVF genetic testing company, Igenomix; the first single-chip Bluetooth solution, CSR (acquired by Qualcomm) and speech recognition company VocalIQ (acquired by Apple). Find us at https://amadeuscapital.com and @AmadeusCapital.

About Finch Capital

Finch Capital is a growth investor in financial technology. We back companies generating €2-5m in revenue investing €5 to €10m initially and help them scale to €20 to €50m revenues by building sustainable and capital efficient business models. We specialize in software companies transforming financial services who deploy various technology stacks (incl. AI/ML, IoT). We’ve invested in ±45 companies including Fourthline, Goodlord, Grab, Hiber, Twisto, ZOPA and Symmetrical. Finch Capital is a team of 12 investment professionals with wide entrepreneurial (e.g. Adyen, Deepmind), investing (e.g. Accel, Atomico, Egeria) and Industry backgrounds (e.g.Facebook, Google, and McKinsey) with offices in Amsterdam, London and Jakarta. For more information see www.finchcapital.com.

About AlbionVC

AlbionVC helps build the future of enterprise and healthcare. With 20+ years’ experience in technology investments, the team focus on B2B software and healthcare at Series A. AlbionVC manages c.£640m of venture funds, currently invested in over 50 companies. AlbionVC is the technology investment arm of Albion Capital Group LLP, which is authorised and regulated by the Financial Conduct Authority. www.albion.vc