Ditto, a San Francisco, CA-based creator of a distributed data platform that enables apps to synchronize data in real-time even without internet connectivity, raised $45m in Series A funding.
The round was led by Acrew Capital, with participation from U.S. Innovative Technology Fund and existing investors True Ventures and Amity Ventures.
The company intends to use the funds to grow its sales and marketing functions and to accelerate the technology roadmap, expanding to more platforms like IoT.
Led by Adam Fish, co-founder and CEO, Ditto provides a platform giving access to a distributed database that runs anywhere, from edge devices to the cloud, enabling real-time, flexible, peer-to-peer data distribution, even in areas that have limited or no internet communication. This allows applications to process and communicate data where it is generated, circumventing the necessity of a central server and providing resiliency and low-latency capabilities.
The distributed data platform allows apps to store, sync, and process data anywhere. By installing its Small Peer SDK into applications, developers can use APIs to read and write data and automatically sync any changes to other devices. Unlike other solutions, Ditto is designed for peer-to-peer synchronization where it can directly communicate with other devices even without an internet connection. The technology automatically manages the complexity of using multiple network transports, such as Bluetooth, P2P Wi-Fi, and Local Area Network, to find and connect to other devices and then synchronize any and all changes. With the Ditto Platform, an app will continue to operate in offline situations, and data can be shared without latency, resiliency, or security issues. All data changes are stored locally and will sync instantly when cloud or peer devices are discovered.
The company is already generating substantial revenue, thanks to demand from the defense sector and major enterprise customers including Alaska Airlines, Lufthansa, Japan Airlines, Hugo, and the U.S. Air Force. The company’s technology is used in a range of industries including aviation, defense, point-of-sale, emergency, agriculture, healthcare, factory and warehouses, retail, and hospitality, where seamless connectivity and real-time data sharing are essential, regardless of internet availability.
FinSMEs
25/04/2023