Announced
Completed
Financials
Sources
Tags
Friendly
Acquisition
Cross Border
Digital Services
Private
Completed
Venture Capital
United Kingdom
Private Equity
digital services
Minority
Synopsis
Two venture capital firms Insight Partners and Dawn Capital led a $70m Series B funding round in Ably, a platform that powers synchronized digital experiences in realtime. Additional investors include Triple Point, Digital Horizon, Forward Partners, and MMC. “Today, our most important daily and digital experiences happen in realtime. It’s business critical now, and organizations realize they must keep up and transform to remain relevant. Yet, at the same time, most don’t have the in-house capabilities nor the time to do this efficiently at scale. Early on we made technology decisions to provide a global edge network engineered for efficiency, reliability and ease of use. In the same way that content delivery networks underpin large parts of the internet, Ably is the invisible platform and infrastructure layer that powers synchronized digital experiences in realtime at speed and at scale," Matthew O’Riordan, Ably CEO and Co-Founder.
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