Ably Data Streaming Platform

Ably was launched in 2016. The platform allows applications to send messages in real time, ensuring high performance without compromising data security.

History

2021: Raising $70 million, including from Digital Horizon

On June 30, 2021 Digital Horizon , the VC fund announced that it had re-invested in the platform for streaming data Ably.

The company raised $70 million from Insight Partners, Dawn Capital, as well as current investors - Digital Horizon, MMC, Triple Point and Forward Partners.

By 2025, real-time data will account for 30% of all data in the world. Instant synchronous communication is needed, for example, when creating chats, tracking the location of couriers, sending notifications about the availability of goods or changing quotes, as well as for remote control over smart gadgets.

Fund with Russian roots Digital Horizon invested in data streaming platform

However, such communication with a large number of devices remains difficult and expensive. Ably solves this problem by providing developers with their cloud infrastructure.

The platform transmits trillions of messages per month to 250 million devices. Seamless data streaming is provided by 15 Ably data centers located around the world.

The total transition of the world to online has increased the burden on technological infrastructure. The amount of data needed to effectively interact with users has increased multiples. This situation became a serious challenge, and the Ably team handled it perfectly. And we believe that the existing trends will help the company implement its ambitious plans, "said Alan Waxman, founder and managing partner of the investment company Digital Horizon.

To ensure further growth, the company will increase infrastructure, strengthen its presence in the US market and double - from 65 to 125 people - will expand the main team working in the UK.

According to TechCrunch, every day people use various applications that send and extract data in real time. When a user sends a message in the messenger, edits the document together with someone, when he starts a video call or views financial data, he expects that the data will be sent and received in fractions of a second. The Ably platform helps ensure fast data transfer without delay. For example, the developer of the CRM system HubSpot, in which all products require real-time data processing, uses the platform to solve chat problems, Matthew O'Riordan, co-founder and CEO of Ably, told the publication.

Ably built a global network of data centers to route messages with maximum efficiency. Just as CDN providers try to minimize network delays, Ably routes messages so that they are transmitted instantly.

Venture fund Digital Horizon, which in June 2021 re-invested in Ably, invests in early stages in startups with working products and promising developments for the financial industry, e-commerce, education and corporate software.^[1]

2020: Investment from Digital Horizon

The Digital Horizon VC Fund on July 15, 2020 announced its investment in Ably, which creates an infrastructure for application and service developers.

The British company intends to use the raised funds for further scaling.

Venture fund Digital Horizon joined an investment round in which Ably, a real-time data streaming and messaging platform, raised funding for business development. The lead investor of the round for $7 million was the MMC Ventures fund.

Ably provides developers, API tools cloudy , and infrastructure for data real-time sharing. Among clients of the platform both the small, startups and large companies ― Toyota Bloomberg Capgemini , etc.

Ably delivers 100 billion messages each month to 50 million end users. Including thanks to its technologies, tennis fans will learn about the change in the score at the Australian Open tournament, and three million residents Chicago can track the movements of the city. transport

Alan Waxman, managing partner of investment firm Digital Horizon:

Telemedicine, delivery services, e-commerce, fintech - everyone who works in rapidly growing segments needs the infrastructure for real-time data exchange that Ably provides: transfer heart monitor performance to the application or show the current location of the courier, send a notification about the status of the account or change stock prices. The role of companies that help quickly create and develop digital services has grown very much in the world. We are pleased to support one of them.

The British startup uses the funds raised for further development. Ably plans to expand functionality, further integrate with other platforms, which will help developers overcome the fragmentation of the ecosystem, as well as the development and implementation of additional open protocols.

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