# IRYStec Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/irystec-software

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.irystec.com
- Total disclosed funding: $0.4M
- Latest round: Series A (Aug 8, 2016)
- Investors on record: 3

## About

IRYStec Software Inc. develops advanced software solutions tailored for automotive display systems, enhancing user interactions through innovative technology that replicates human visual processes.Founded in 2015 and headquartered in Montreal, Canada, IRYStec Software Inc. specializes in software for automotive interfaces. The company has raised CAD 6.5 million in its Series A round on June 6, 2018, led by Whitecap Venture Partners, with participation from BDC Capital, Purple Angel, and Skunkworks Investment. This funding supports the company's growth strategy and technological advancements.Faurecia IRYStec Inc. specializes in advanced software solutions designed specifically for automotive display systems, including instrument clusters, center stacks, side displays, and head-up displays. Their flagship product, IRYStec MYdisplay, replicates human visual system processes for real-time image rendering that adapts to driver interactions. The software enhances user experience by personalizing content based on ambient light and driver vision, aimed primarily at automotive OEMs and Tier 1 suppliers globally, focusing on North America, Europe, and Asia.Faurecia IRYStec Inc. generates revenue through B2B transactions with automotive OEMs and Tier 1 suppliers, leveraging a subscription-based licensing model for their technology, supplemented by partnership agreements for ongoing support. The implementation of IRYStec's software into vehicle production lines fosters smoother deployment processes, potentially leading to multi-year contracts that ensure integration and service continuity.With the recent Series A funding of CAD 6.5 million raised in June 2018, IRYStec Software Inc. plans to enhance its product offerings and expand into new geographic markets. The company aims to launch additional features for IRYStec MYdisplay, integrating further customization capabilities while targeting broader automotive markets in North America, Europe, and Asia. The funding will be allocated toward research and development efforts to drive innovation and support market entry strategies.

## Funding rounds

- Series A, Aug 8, 2016 — BDC Capital, Purple Angel, TandemLaunch
- Seed, Feb 1, 2015, $0.4M — TandemLaunch

## Investors

- TandemLaunch (https://capitalatlas.ai/funds/tandemlaunch) — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Purple Angel — Series A