Ably raises £5.7m in a Series A round led by MMC Ventures to scale its real-time data streaming platform.
MMC Ventures led the Series A investment with co-investment from Forward Partners to support scaling as demand for real-time services grows.
Ably provides an API-driven platform that handles the engineering complexity of real-time data synchronization for distributed applications. The company powers synchronized digital experiences across millions of devices for global enterprises.
Data streaming platform Ably has secured £5.7m in a Series A funding round led by MMC Ventures, with participation from Forward Partners. The capital will be deployed to scale operations as global demand for real-time digital services continues to accelerate. Founded in 2013, the company provides application programming interfaces and cloud infrastructure that allow developers to bypass the deep technical complexities of delivering live messaging and data experiences at scale.
From the founder
"This funding allows us to really ramp investment in the platform and build more features that we know developers need to further integrate into other event-driven platforms and support more open protocols."
Matthew O’Riordan
CEO & Co-Founder at Ably
Investor perspective
"The production of real-time data is rapidly expanding and consumer expectations of real-time experiences are growing ever more demanding. Developers wanting to build real time products at scale have been poorly served by existing products that require compromises between scale, reliability and consistency."
Dan Bailey
Principal, MMC Ventures
Use of funds
- 01Scale operations
Investors
Categories
About the company
Ably
Ably provides infrastructure for real-time data synchronization across digital applications.