Realtime Receives $100M from BRZTech Holding
Realtime, a creator of a global technology framework and applications to power the Realtime web, has launched in the U.S. with $100m from BRZTech Holding, a São Paulo-based technology investment vehicle backed by private investors in Europe and South America.
Founded in 1997 as Internet Business Technologies (IBT) by CEO André Parreira, Realtime has developed and deployed a new technology designed to facilitate the transition from the currently static Web to the “live Web”, which is instantaneously updated worldwide within milliseconds.
Its programming environment features a broad number of languages with full control of tagging and extensibility. In its early beta release, Realtime has already signed up more than 1,000 developers to the xRTML community, and it will be shortly announcing developer conferences, incentives, hackathons and competitions for new applications.
The company currently has offices in Sao Paulo, Rio de Janeiro, London, Madrid, Lisbon, Santa Monica, CA, and New York.