Brytlyt, a London, UK-based provider of data analytics and visualisation technology, raised $4m in Series A funding.
Backers included Amadeus Capital Partners and Finch Capital.
The company intends to use the funds to build sales operations, enter new markets and grow its engineering team.
Led by founder and CEO Richard Heyns, Brytlyt provides large telcos, retailers and financial institutions with the SpotLyt tool to make sense of their data through analysis and visualization technology. Its GPU database works with patent-pending software built on PostgreSQL for high performance, high speed, high quality visual analytics. The company 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 clear visual analysis, customers can interpret their end-users’ behaviour in essential areas such as fraud prevention, attracting and retaining customers, network performance optimization and risk management, supporting decision-making and improved outcomes.