# Ably Real-time

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ably-real-time

- Industry: Software
- Headquarters: London, UK
- Website: www.ably.com
- Total disclosed funding: $79M
- Latest round: Series B (Jun 30, 2021)
- Investors on record: 7

## About

Ably Real-time Ltd. specializes in providing real-time messaging solutions that enhance user engagement and operational efficiency across diverse industries. Its offerings support applications requiring live updates, collaboration, and notifications.Founded in 2013, Ably Real-time Ltd. is headquartered in London, UK. The company focuses on enabling real-time communication through its innovative messaging platform. The founders, Matthew O'Riordan, Paddy Byers, and Zach Conley, have a background in technology and entrepreneurship. Ably has raised a total of USD 70.00 mn, having successfully secured Series B funding of USD 70.00 mn on June 30, 2021. The funding was co-led by Insight Partners and Dawn Capital, along with participation from other investors such as Triple Point Ventures, Forward Partners, and MMC Ventures.Ably provides a comprehensive suite of products designed to enable realtime experiences across various industries and use cases. Its core offerings include the Ably Pub/Sub messaging platform, Ably LiveSync for seamless database synchronization, Ably Chat for instant messaging applications, Ably Spaces for collaborative environments, and Ably Asset Tracking, which focuses on logistics and asset management. These products enhance user engagement and operational efficiency for businesses that require live updates, collaboration, and notifications. Notable clients include HubSpot, NASCAR, and Genius Sports, with services available globally across North America, Europe, and Asia-Pacific.Ably's revenue model is structured around subscription-based plans, allowing businesses to choose pay-as-you-go or committed use options. Revenue generation is facilitated through tiered pricing based on usage metrics such as the volume of messages sent and the number of concurrent connections. The platform's flagship products, including Ably Pub/Sub and Ably Chat, drive client engagement and contribute to ongoing revenue through their functionalities in various applications. Ably emphasizes a customer-centric approach, fostering long-term partnerships with clients across multiple sectors.Following its most recent Series B funding of USD 70.00 mn on June 30, 2021, Ably aims to accelerate its growth and expand its platform. The funding will be utilized to hire new team members and support international expansion plans. Specific geographic regions targeted for expansion include North America and Asia, with initiatives to develop new products and enhance existing services. The company is actively designing upcoming features to further improve real-time messaging capabilities, with plans for these launches in the near future.

## Funding rounds

- Series B, Jun 30, 2021, $70M — Insight Partners, MMC Ventures, Dawn Capital, Forward Partners, Launchbay Capital, Triple Point Investment Management
- Series A, Oct 31, 2019, $7.7M — MMC Ventures, TriplePoint Capital, Forward Partners
- Seed, Jun 28, 2017, $0.8M — Forward Partners

## Investors

- Forward Partners (https://capitalatlas.ai/funds/forward-partners) — Seed, Series A, Series B
- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series A, Series B
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series B
- Launchbay Capital (https://capitalatlas.ai/funds/launchbay-capital) — Series B
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Series B