Data delivery platform used by Yahoo! and Team GB bags $1m seed round
Launched last year, UK start-up Ably has attracted backing from Forward Partners as it looks to “fuel growth and accelerate development”
Ably, a real-time data delivery platform for developers, has closed a $1m seed funding round led by Forward Partners in order “to help power the next generation of digital experiences”.
Founded in 2013 and launched publicly last year, Ably is the brainchild of software engineers Matthew O’Riordan and Dr Paddy Byers.
It was created after the pair spotted a gap in the market to provide developers with ‘infrastructure as a service’ for real-time data transport.
The Ably platform is currently being used for a wide-array of real-time applications including gaming, e-learning and location tracking and now has over 2,000 developers on board.
The London-based start-up also boasts around 100 customers from around the world, including Yahoo!, Manchester City FC, Saatchi & Saatchi, and Team GB.
For instance, Team GB used the platform for the 2016 Olympics to create a live games-time experience while Man City FC has used Ably to engage real-time with fans during matches.
It will use the funding to add new hires to its engineering team and to develop new features such as the ‘Ably Exchange’; a universal message bus for businesses to syndicate real-time data to other businesses.
Ably co-founder Matthew O’Riordan (pictured), also co-founder of Econsultancy, said of the investment:
“We are hugely excited to announce this funding and to be working with Forward Partners. This investment ensures we keep our global competitive tech advantage and deliver on a product roadmap that we cannot wait to make available to developers.
“Real-time, or live, experiences are becoming more commonplace but we see huge potential for a next generation of compelling apps and services that we help make possible”.
Luke Smith, investor at Forward Partners, continued:
“We see huge potential in the business and its vision for creating game-changing real-time data services for the developer community.”
Find out what type of businesses Forward Partners invests in here.