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Founded by former McLaren F1 engineers, Quix bags £2.3M for streaming analytics platform

Image credits: Quix

London-based Quix is a real-time streaming analytics platform that wants to ensure any organisation, be it small or large can quickly leverage and act on data insights at lower costs sans a smaller environmental impact. In a recent development, the platform has secured £2.3 million in a seed funding round.

The investment was led by Project A Ventures with participation from Passion Capital and angel investors such as Frank Sagnier (CEO, Codemasters), Ian Hogarth (Co-founder, Songkick), Chris Schagen (CMO, Contentful) and Michael Schrezenmaier (COO, Pipedrive).

Sam Cash of Project A Ventures said: “Data streaming is the next paradigm in data architecture, given end-users accelerating demand for live, on-demand and personalised applications. The Quix team are leading the way in this market, by democratising access to data streaming infrastructure, which until now has been the reserve of the largest companies.”

Malin Posern, Partner at Passion Capital commented “The world today is generating unimaginable amounts of data from digital and physical activities. Businesses of all types and sizes will want to make use of their data in real-time in order to be competitive. We are excited to support the Quix team on their journey to empowering the streaming revolution”.

Launches its portal online

Currently, the Quix Portal is available to the public. It provides developers with a free-forever subscription to a real-time data engineering platform. This platform eliminates all barriers to building and applying machine learning on streaming data. Quix enables anyone with Python skills, the data science language, to apply machine learning to real-time data streams in hours rather than the years it previously took.

It is possible to make complex streaming applications functional no longer requires a large data engineering with a few lines of codes with Quix as it provides the necessary infrastructure and APIs out-of-the-box.

Caters to wide range of industries

Quix was founded in 2020 by the McLaren engineering team behind the systems used by most F1 teams to gain a competitive advantage from their live data operations. Since then, it has been adopted by teams across industries such as automotive, industrial, health, wearable, content, gaming, and finance. Some notable early-bird adopters include Deloitte for personalising financial services, teams at the NHS working on the country’s COVID response, and their alma mater McLaren.