HealthTech

Data delivery platform Ably has raised $1m (£773,000) in a round led by Forward Partners.

The money will be used to accelerate the development of its technology.

Co-founded in 2013 by software engineers Matthew O’Riordan and Dr Paddy Byers, Ably seeks to provide developers with an “infrastructure-as-a-service” for ‘real-time’ data transport.

The firm launched publicly last year and claims to have more than 2,000 developers using the platform. Ably also says it has almost 100 customers.

Matthew O’Riordan, co-founder and CEO of Ably, and previously co-founder of Econsultancy, which sold to Centaur Media in 2012, said: “We are hugely excited to announce this funding and to be working with Forward Partners.

“This investment ensures we keep our global competitive tech advantage and deliver on a product roadmap that we cannot wait to make available to developers. Real time, or live, experiences are becoming more commonplace but we see huge potential for a next generation of compelling apps and services that we help make possible.”

Luke Smith, an investor at Forward Partners, spoke of his excitement: “We’re incredibly pleased to invest in Matthew, Paddy and their talented team at Ably. We see huge potential in the business and its vision for creating game-changing real time data services for the developer community.”

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