Ditto, creator of a distributed data platform that enables apps to synchronize data in real-time even without internet connectivity, today 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.
Apps today assume data lives only in one place, typically a singular cloud database. However, the reality is far more complex. 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 can’t 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, ensuring low-latency app processes.
The Ditto platform provides 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.
Ditto 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 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.
"Ditto’s long-term vision is to build the world’s next great database, with an emphasis on real-time collaboration in fast-paced sectors like restaurants and hospitality, where swift and efficient service is crucial," says Adam Fish, Ditto co-founder and CEO. "Traditionally, hotels and restaurants have relied on systems that necessitate local servers to synchronize devices, which can be challenging in case of internet outages or device power loss. Ditto's Intelligent Edge Platform shifts the focus from dependency on local servers and internet connectivity to a more streamlined and flexible solution. By enabling direct device connections, particularly for wireless devices, Ditto eliminates the need for onsite servers. This simplification of deployment, maintenance, and upgrades empowers businesses to offer enhanced digital experiences to customers more rapidly than ever before, all while maintaining seamless communication and data synchronization among devices, regardless of internet connectivity."
The company will use the funding 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.