Pyte Raises $5M to Accelerate Commercialization of Data Collaboration Platform

Pyte raises $5M in Funding

Pyte (Linkedin), a leading provider of a computation platform for data-first global enterprises, has secured $5 million in funding to accelerate the commercialization of their innovative data collaboration solution. With a total funding of $12 million, Pyte is poised to revolutionize data utilization and collaboration for cloud-driven organizations and industries with strict data privacy concerns.

Funding Amount: $5 million (Total Funding: $12 million)

Industry: IT Services and IT Consulting

Employee Count: 11-50

CEO: Sadegh Riazi (CEO Linkedin)

What Pyte needs to buy: Pyte is seeking partnerships with cloud providers, data management platforms, and industry-specific solution providers. Technology development, particularly in enhancing their computation platform and secure multi-party computation (SMPC) technology, is a priority. Additionally, Pyte requires marketing and sales support to expand their market reach, generate leads, and drive sales efforts. Companies in the cloud, data management, and industry-specific solution sectors are ideal partners for Pyte's growth and success.