UPDATED 19:01 EDT / DECEMBER 22 2021

BIG DATA

GPU-accelerated data analytics startup Brytlyt raises $5M

British data analytics and visualization technology startup Brytlyt Ltd. revealed today that it has closed on a $5 million round led by AlbionVC.

Existing investors Amadeus Capital Partners and Finch Capital also participated in the Series A extension.

Brytlyt was founded in 2013 and 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. It claims to be the only company in the world that combines AI and open-source relational database PostgreSQL to deliver GPU-powered data analytics.

The company is targeting big enterprises with billion-record data sets, including telecommunications firms, retailers and financial services providers. Such companies have traditionally relied on legacy systems to analyze their data and gain insights that can improve business performance and customer experiences. But Brytlyt says such systems are unable to handle ad-hoc analysis of such large data sets in real time.

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. With this fast, clear visual analysis, Brytlyt says businesses can interpret data and gain insights on how to improve fraud prevention, attract and retain customers, optimize network performance and risk management, support better decision-making and improved outcomes.

In addition to today’s funding round, Brytlyt said it is launching its new Brytlyt.io service, which is a fully serverless deployment model. Amadeus Capital Partners’ Nick Kingsbury praised the new offering, saying that in his opinion, Brytlyt.io delivers “world beating performance with corresponding lower compute costs.”

Analyst Holger Mueller of Constellation Research Inc. told SiliconANGLE that serverless is changing the capabilities of many different kinds of enterprise workloads, and now serverless data analytics is emerging.

“Brytlyt is aiming to tackle this challenge with an architecture that allows for faster response times, taking advantage of the speed and capabilities of GPUs,” Mueller said. “It’s nice to see the standardization on PostgreSQL, as that will make access easier given its large community of users.”

Brytlyt is going after a data analytics market that Morgan Stanley analysts recently said will be worth more than $75 billion by 2024. It is, however, just one of a number of GPU-accelerated data analytics startups trying to grab a piece of that pie.

The company will use today’s funding to expand its growth in Europe and in the U.S., with its plans calling for more recruitment and accelerated product development.

“The success of this investment is a ringing endorsement of Brytlyt and our trajectory,” said Brytlyt Chief Executive Richard Heyns (pictured). “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.”

Photo: Brytlyt

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