Lytica Raises Series A Investment Round Led By Resolve Growth Partners With York Ie
08/30/22, 12:03 PM
Location
ottawaIndustry
data and analytics
software
artificial intelligence
science and engineering
Round Type
series a
OTTAWA, ON / August 30, 2022 / Lytica, the world's only provider of electronic component spend analytics and risk intelligence using real customer data, today announced the close of its Series A investment round, with a total consideration of over $13 million. The round was led by Resolve Growth Partners, with participation from York IE. Lytica intends to use these funds to accelerate product and platform innovation, continue growing its team of specialists, and foster strong industry partnerships.
Company Info
Location
ottawa, michigan, united states
Additional Info
Lytica is an electronic component spend analytics and risk intelligence company that uses real customer data to help companies make their supply chain more transparent, more resilient, and more predictable. Lytica's advanced electronic component market intelligence platform employs machine learning and AI to analyze real-world pricing data, offering true market insights to reduce costs and mitigate supply chain risk. Fortune 500 and blue chip companies around the world rely on Lytica to find better prices and better manufacturers and suppliers. To learn more, visit Lytica.com.