Brytlyt, a London-based data analytics, and visualization technology startup announced that it raised $5 million in a Series A extension funding round led by AlbionVC.
Existing investors, Amadeus Capital Partners and Finch Capital also participated in the Series A extension.
The company will use the funding to expand its growth in Europe and the U.S., with its plans calling for more recruitment and accelerated product development.
Company: Brytlyt Ltd.
Raised: $5.0M
Round: Series A extension
Funding Month: December 2021
Lead Investors: AlbionVC
Additional Investors: Amadeus Capital Partners and Finch Capital
Company Website: https://www.brytlyt.com/
Software Category: GPU accelerated database, analytics, and visualization platform
About the Company: Founded in 2013, Brytlyt is the world’s fastest GPU accelerated database, analytics, and visualization workbench with in-platform AI capabilities and unique IP technology. Combines its artificial intelligence-based analytics software with graphics processing units to derive insights at rapid speeds, up to 1,000 times faster than most legacy analytics systems. Brytlyt’s data visualization tool is designed to provide a responsive user experience, while its platform can handle complex queries on billions of data points, delivering answers in milliseconds in the shape of user-friendly graphics, maps, and charts.
Source: https://siliconangle.com/2021/12/22/gpu-accelerated-data-analytics-startup-brytlyt-raises-5m/