# VYRE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vyre

- Industry: Software
- Headquarters: London, UK
- Website: www.vyre.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Jul 8, 2010)
- Investors on record: 1

## About

VYRE Limited is a digital asset management company specializing in optimizing creative workflows and enhancing asset organization for businesses in various industries.Founded in 1997, VYRE Limited operates in London, UK, focusing on digital asset management solutions. The company was acquired by North Plains Systems Inc. in December 2012, with financial terms not disclosed. VYRE has completed 2 deals since its inception, with the latest funding received being a Series A round of GBP 1.000 mn from Octopus Investments. The total amount raised by the company stands at GBP 1.000 mn.VYRE Limited offers a comprehensive suite of digital asset management solutions designed to optimize creative workflows and improve asset organization. Its core product, Xinet, features an advanced CoPilot that utilizes generative AI for automated tasks like keyword suggestions and tagging. Targeted at creative teams, Xinet seamlessly integrates with existing workflows via mounted drives and Adobe Creative Cloud plugins, allowing for efficient asset management across various channels, primarily serving clients in North America, Europe, and Asia.In the most recent year, VYRE Limited reported revenues of GBP 165,165 with an EBITDA of GBP 151,184.2. The company's revenue is generated mainly through tiered subscription services associated with its Xinet offerings, catering to B2B partnerships that include various support tiers fitting different customer needs.VYRE Limited aims to enhance its product offerings further with upcoming launches of new features for Xinet, though specific release dates have not been mentioned. The company is also considering expansion into new geographic markets, particularly in Asia and Europe, by 2023, with plans to leverage the recent Series A funding to support these initiatives. This funding will facilitate the development of additional features and enhancements to their existing products, driving growth and customer engagement.

## Funding rounds

- Series A, Jul 8, 2010, $1.5M — Octopus Investments

## Investors

- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A