Distributed database startup Ditto secured a $45M Series A funding round led by Acrew Capital.
The company emerged from stealth today. Ditto's Intelligent Edge
Platform is a distributed database that can run even in areas with
limited or poor network connectivity. Incoming funds will be used to
further expand its software development kit, commercialize the platform,
grow the sales and support teams, and acquire customers in the travel,
education, and retail industries.
- U.S. Innovative Technology Fund (USIT), True Ventures, and Amity Ventures participated in the funding round.
- Ditto's platform works on edge and cloud devices, facilitating peer-to-peer data synchronization between devices.
- The platform leverages Bluetooth, peer-to-peer Wifi, and local wired networks to synchronize data.
- Notable clients of the platform include Alaska Airlines, Japan Airlines, Hugo, and Lufthansa.
- Per CEO and co-founder Adam Fish, the company has secured a $950M deal with the U.S. Air Force.
- Per
Technavio, the peer-to-peer data synchronization market is forecasted
to grow at a rate of 25.22% CAGR to become a $12.84B market by 2026.
