Ditto, a company that provides distributed database services, has raised $45 million in their Series A funding. This round has been led by Acrew Capital, and with participation from U.S. Innovative Technology Fund (USIT), True Ventures and Amity Ventures. This funding comes at a time when the rise of mobile devices and cloud infrastructure has made it difficult for companies to keep data stored in just one place.
This is why Ditto has created a platform that can run nearly anywhere and is capable of data distribution even without the need for an internet connection. Developed applications have the ability to focus on data stored both in the edge and cloud. This platform has made it easy for businesses to adopt contactless solutions which can reduce the risk of downtime and potential revenue loss, enabling companies to continue operations even if there are short internet outages.
The company offers different versions of its cloud database, to enable developers to utilize both query-based syncs and APIs, depending on the need. Currently, they have thousands of customers including major players like Alaska Airlines, Japan Airlines, Hugo and Lufthansa as well as government and military contracts with the US Air Force worth up to $950 million.
In their next few months, they plan to expand their library of software development kits and pushing the platform further into commercial offers. They also plan on increasing their employee count to more than a hundred by the end of the year.
The company is founded by Adam Fish who is the current CEO and Max Alexander. Thomas Tull, the chairman of USIT praised Ditto for the development they have made in data access and management, which he believes to have applications across all sectors.
Today’s market for enterprise file sync and share tools is predicted to reach $12.84 billion by 2026 and Ditto is not alone in this, with competitors including Whalesync, PieSync and Grouparoo currently in the space. At the end of the day, Ditto is confident in their platform’s ability and capabilities, and their total funding till date which has reached $54 million.
