Read More
OTTAWA, ON / ACCESSWIRE / November 2, 2021 / Lytica, the world’s only provider of electronic component spend analytics and risk intelligence using real customer data, today announced the launch of the Trends plugin for its SupplyLens Pro™ platform. This new plugin enhances the market intelligence platform with historical pricing data and analysis to enable qualified customers to better assess their supplier relationships. Read the full Press Release here.
Read More
A huge congratulations to the University of Ottawa on the opening of the new uOttawa Kanata North Smart Connected Vehicles Innovation Centre.      “As our customers develop their connected and autonomous vehicles, we have kept pace by updating our component reference data using artificial intelligence data acquisition methods developed in conjunction with uOttawa” said Ken Bradley, Lytica’s CTO and chairman.  Read more about the facility and Lytica’s involvement here.  Article by the Ottawa Business Journal.
Read More
A big thanks to Design News for the Lytica and SupplyLens™ shout out in thier article ‘Component Growth Looks Promising. What Does the Jittery Supply Chain Say?‘ by John Blyler a Design News senior editor. Fortunately, several startups have created analysis tools that help real-time component sourcing. Lytica offers one such tool, a provider of electronic component spend and risk analysis. The company claims that its SupplyLens platform provides customers with the data, insight, and analysis needed to improve procurement and build more robust and resilient supply chains. John Blyler is a Design News senior editor, covering the electronics and advanced manufacturing
Read More
Lytica’s revenues are on track to double this year compared with 2020 as the pandemic has wreaked havoc with global supply chains and fuelled rising demand for its AI-driven comparison-pricing software. “There is not a company in the world that’s not looking for more insights and intelligence into procurement” Continue reading the OBJ article here. A big thanks to David Sali at the Ottawa Business Journal.
Read More
Today, we announced the latest milestone in Lytica’s evolution — over $3 million USD raised in equity investment and Canadian federal grants. There’s no doubt this funding will help to fill a very important need for the electronic components supply chain industry, helping us continue to scale spend analytics and risk intelligence with real, accurate customer data.  A $1.5 million equity investment round was led by vertically integrated strategic growth and investment firm, York IE, which followed recent funding obtained from government related economic development and innovation sources. Over the last year, we’ve experienced rapid growth and continue to increase our recurring revenue base at over 100% per
Read More