The Series A round was led by Kindred Capital and Capnamic Ventures with participation from angel investors.
"We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it."
The funding round was led by Alpine Meridian and Robert Neveu.
"I used to work in the fitness industry, where everyday I could see there was an issue around communications with remote workforces, which stretched across many different sectors with desk-less workers."
The Y Combinator alumni have raised £1.8m from Episode 1, Seedcamp, 7percent Ventures, Y Combinator, and Kima Ventures.
"We’re building an open source database for time series data, and time series databases are a multi-billion-dollar market because they’re central for financial services, IoT and other enterprise applications. And we basically make it easy to handle explosive amounts of data, and to reduce infrastructure costs massively,"
The artificial intelligence data analytics business has secured an undisclosed amount of post-angel equity to expand its team and develop new products.
"Galytix has been strongly supported by its early investors who have brought their considerable experience to develop the company. We are delighted to welcome our new board members and investors who will help to propel the company to the next stage of growth. We thank our advisors PwC and Temple Bright."
