Lyntics
Offers solution that enables companies to democratize data knowledge.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €3.2m | Seed | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Lyntics is a forward-thinking startup focused on revolutionizing data literacy, which means helping people understand and use data effectively. Founded in 2017, the company initially developed an internal knowledge-sharing solution to address the challenges faced by its team of over 50 data scientists. This solution quickly attracted interest from large enterprises, including Swisscom and Getinge, who saw the value it brought to their data analytics teams.
Operating in the data literacy market, Lyntics serves a diverse range of clients, from large corporations listed in the Forbes 2000 to other enterprises needing to enhance their data capabilities. The company’s primary product is a data literacy platform that democratizes expert knowledge, making it accessible and useful for everyone within an organization. This platform helps businesses turn their data into tangible business value by enabling their staff to understand and leverage data more effectively.
Lyntics operates on a Software-as-a-Service (SaaS) business model. This means they provide their platform as a subscription service over the internet. Clients pay a recurring fee to access the platform, which ensures a steady revenue stream for the company. The demand for their services has been strong, driven by the recognition that poor data literacy is a significant barrier for analytics teams, as highlighted by research leaders like Gartner.
In 2021, to support their rapid growth and meet increasing demand, Lyntics secured venture capital funding. This financial backing has allowed them to expand their global talent pool and continue developing their platform to stay ahead in the competitive data literacy market.
In summary, Lyntics is a pioneering company in the data literacy space, helping organizations unlock the full potential of their data through an innovative SaaS platform. They serve large enterprises and have experienced rapid growth due to the high demand for their solutions.
Keywords: Data Literacy, SaaS, Data Analytics, Knowledge Sharing, Enterprise Solutions, Forbes 2000, Swisscom, Getinge, Venture Capital, Global Expansion.