Ditto – a creator of a distributed data platform that enables apps to synchronize data in real-time even without internet connectivity – announced that it has closed $45 million in a Series A funding round led by Acrew Capital with participation from U.S. Innovative Technology Fund (USIT). Existing investors True Ventures and Amity Ventures invested additional funding.
The apps today assume data lives only in one place, typically a singular cloud database. But the reality is far more complex. Considering a combination of the rapid growth of mobile or other edge devices and global cloud infrastructure means applications need to store and process data everywhere. If apps are unable to access important data, critical app processes break down until a connection is restored. Ditto’s Intelligent Edge Platform combats this by enabling data to be accessible anywhere 24/7 – which ensures low-latency app processes.
The Ditto platform offers a distributed database that runs anywhere, from edge devices to the cloud, enabling real-time, flexible, peer-to-peer data distribution, even in places that have limited or no internet communication. And this enables applications to process and communicate data where it is generated, circumventing the necessity of a central server and providing resiliency and low-latency capabilities.
Ditto is generating substantial revenue already due to demand from the defense sector and major enterprise customers including Alaska Airlines, Lufthansa, Japan Airlines, Hugo, and the U.S. Air Force. And the company’s technology is critical to 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.
The company will use the funding round to grow its sales and marketing functions and to accelerate the technology roadmap, expanding to more platforms like IoT, unlocking massive new performance, and bringing the power of its distributed data platform to more industries and use cases.
KEY QUOTES:
“Ditto’s long-term vision is to build the world’s next great database. The addition of Acrew Capital and U.S. Innovative Technology fund as investors to Ditto’s existing backers True Ventures and Amity Ventures is a tremendous endorsement of the successful business we have built, the innovation we deliver that enables market disruption and the growth potential of Ditto.”
- Adam Fish, Ditto co-founder and CEO
“Ditto has established itself as a partner of choice for major brands with its powerful distributed data platform that enables seamless syncing of critical, real-time enterprise data even in places where internet connectivity doesn’t exist. Acrew is glad to be partnering with Adam and team Ditto, and to support the company in this next phase of growth.”
- Asad Khaliq, founding partner, Acrew Capital
“With technology permeating every aspect of our lives, the break-neck advances Ditto is making in data management and accessibility are crucial to the future. Ditto’s developments have a tremendous number of applications across sectors – from everyday life to business to the Pentagon – that will become essential by the end of the decade. It is for these reasons that we are proud to support Ditto in its development and deployment of networked systems and seamless data management across the globe.”
- Thomas Tull, Chairman of USIT
