Ably, Provides Real Time Virtual Events
London-based firm Ably, which synchronises digital experiences in real-time, has raised £50m in a Series B funding round.
18:25 02 July 2021
London-based firm Ably has recently announced that it has raised £50.6million in a Series B funding round led by Dawn Capital LLP and Insight Partners.
The firms, which specialises in synchronising digital experiences in real-time using their platform, also confirmed that the funding round was participated by existing investors, including Digital Horizon, Triple Point, MMC and Forward Partners.
Currently staffed by 65 employees, the firm plans to add 125 people to its workforce as it continuously innovates its platform to provide comprehensive solutions to organisations looking to offload real-time synchronisation at scale for distributed applications, devices and hybrid cloud environments.
CEO and Co-founder Matthew O'Riordan said: “When we launched Ably five years ago, we had a clear vision that real-time interactions would underpin rather than just augment our everyday digital experiences. Today, our most important daily and digital experiences happen in real-time. It’s business is critical now, and organizations realize they must keep up and transform to remain relevant,”
Teddie Wardi, Managing Director at Insight Partners, added: “Insight has an established track record of investing in industry disruptors and Ably is a natural fit for our portfolio,”
“Ably has demonstrated it is a visionary when it comes to solving the challenges of synchronizing digital experiences in realtime. The company is already the market leader and is primed for further growth in what we believe is an uncapped market.”