Brytlyt uses the superior processing power of Graphics Processing Units (GPUs) to rapidly speed up data processing.
Having overfunded to £306,000 (153% of its target) in September 2016 in order to finalise its product, Brytlyt returned to SyndicateRoom in October 2017 to fund the next stage of its growth: commercialisation of its technology.
Brytlyt raised a total of £473,400 in its 2017 funding round. Brytlyt was an EIS investment opportunity.
Brytlyt fundamentally shifts the speed and cost of data processing by introducing a radically new approach to underlying hardware.
Every year, vast amounts of resources are invested in technologies to improve time-to-value for business leaders and data analysts when accessing actionable insight from data. A large portion of this time is spent on improving performance with the objective of improving user experience (reducing query times), and in doing so, opening new business opportunities and empowering users.
By using patent pending IP and Graphics Processor Unit (GPU) hardware, Brytlyt aims to offer companies improved performance by delivering orders-of-magnitude speed-ups for data analytics when compared to alternatives.
Richard is responsible for the initial and ongoing research behind Brytlyt, and is the inventor of the patent pending intellectual property that forms the foundation of the company’s main product.
He has more than fifteen years’ experience working on large business intelligence, big data projects and software development. He hired and managed a team of SQL developers across two continents when Dunnhumby (responsible for the Tesco Clubcard loyalty programme) migrated their flagship customer insight product to Oracle Exadata.
Richard has wealth of experience gained from a diverse career spanning pharma (Novartis), mining and minerals (BHP Billiton), chemicals (Rockwood), customer insight (Dunnhumby) and travel (Virgin Holidays and Jet2).
The lead investor
Charles Morgan is a stockbroker/investment banker turned early-stage company investor/manager. Over the last 20 years he has invested in numerous companies. He is particularly interested in pursuing what he views as paradigm changing investment opportunities.
The key things I look for are the idea and its game changing ability, and the people to make it happen – again and again it becomes the people who make it happen.
What investors say
I am hugely impressed with Brytlyt's progress and even more impressed with their ability to make every penny go a mile – I feel the internal ROI of every pound invested with them is phenomenal. I believe they will go the distance.
Jos Evans, lead investor from Brytlyt's 2016 SyndicateRoom raise