Lytica Inc.
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Lytica Inc.

https://www.lytica.com/
Last activity: 31.08.2022
Tags:AnalyticsDataElectronicsIndustryInformationMarketPlatformProviderSupplyTechnology
Trusted by customers globally, Lytica’s proprietary SupplyLens™ platform enables clients to drive cost reduction and mitigate supply chain risk. Lytica Saves You Money: Every year thousands of large companies spend $100 million or more on electronics components, and every year billions of dollars are needlessly lost. This exists because no one knows if they’re paying the right price for the components that they buy. Dirty data, legacy information systems and lack of skilled resources all make this problem even worse. The biggest reason for this massive loss of profit in the industry is the lack of supply chain transparency. The electronic components supply chain is the least transparent commodity market on earth and it’s intrinsically deflationary. Lytica Uses Real-World Data: Only Lytica collects real data – anonymized and aggregated – provided by real companies. They provide this because Lytica is a foundation platform for their continuous improvement processes. This enabled us to create an electronic supply chain model. This model creates a digital twin of the real world allowing Lytica to understand who is buying what from who, and how much they’re paying (vertical markets, channels and geographies). Lytica can then show you how you rank against your industry peers by commodity classification and which areas you should be focusing on during your next negotiation. As more customers join Lytica’s network the digital model becomes even more accurate. Everyone in Lytica’s community benefits from this network effect. Lytica Ensures Your Success: Join the electronics industry’s most innovative companies in the world benefiting from Lytica’s industry expertise and proprietary SupplyLens platform data. Lytica’s unique data set tracks millions of actual prices paid by real customers, and we use this data to help our clients negotiate better prices. Our team of PhD’s, data scientists, industry experts and experienced leaders has analyzed over $250B in electronic component spend, delivering true market insights and savings opportunities. Explore Lytica SupplyLens today: https://www.lytica.com/supplylens
Likes
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Mentions
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Location: Canada, Ontario
Employees: 11-50
Phone: +1 613-271-1414
Total raised: $16M
Founded date: 2005

Investors 2

Funding Rounds 2

DateSeriesAmountInvestorsDeal News
31.08.2022Series A$13MYork IEfinsmes.co...
25.08.2021-$3M--

Mentions in press and media 5

DateTitleDescriptionSource
31.08.2022Lytica Raises Over $13M in Series A FundingLytica, an Ottawa, ON, Canada-based provider of an electronic component spend analytics and risk int...finsmes.co...
26.08.2021The CEO of one-time unicorn HeadSpin gets arrested for alleg...This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign ...fortune.co...
26.08.2021Funding roundup: Zilia, Lytica, GrowthGenius, Plentywaka, Li...Five Canadian tech companies have recently secured fresh funding to fuel their growth. Here are the ...betakit.co...
26.08.2021The CEO of one-time unicorn HeadSpin gets arrested for alleg...This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign ...fortune.co...
08.04.2021Eight startups selected for latest Canadian Technology Accel...Eight tech startups have been selected to participate in the Silicon Valley-based Canadian Technolog...betakit.co...