Real-time data synchonisation platform Ably has raised $70 million in a Series B round. With 30% of all global data projected to be real-time related by 2025, companies around the globe are facing the massive challenge of bringing their systems up to speed, often at tremendous cost and effort. This is where Ably joins the party and offers solutions that cater to distributed applications, devices, and hybrid cloud environments. Including this investment round, the London-based startup has raised $78.3 million.
Founded in 2016 by Matthew O'Riordan and Paddy Byers, Ably is a key partner for some prime real-time data synchronisation players including Bloomberg, HubSpot, Hopin, and Verizon. Its services reach some 250 million devices per month, and the firm counts cover 500 customers across 80 countries.
“Ably is one of the key technologies that underpin our business,” comments HubSpot’s product group lead Max Freiert. “Its real-time platform and infrastructure layer seamlessly supports HubSpot’s entire real-time needs, helping us to meet our technical, business, and product development requirements. With Ably we have innovated and taken new products to market much faster while significantly reducing our operational engineering overhead.”
The latest funding round was led by Insight Partners and Dawn Capital, with existing investors Triple Point, Digital Horizon, Forward Partners, and MMC, also participating.
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