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.
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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
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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.
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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
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How much should one pay for a chip or a component? Lytica, a Canadian supply-chain pricing analytics company, has the answer. Founded by former Nortel chief procurement officer Ken Bradley, who, like many others in the IT industry, was once bemused by component pricing, Lytica is transforming itself into a software-as-a-service (SaaS) company, helping OEM and EMS make well-informed deals when buying or selling. Digitimes recently had a talk with Bradley about the value that business intelligence, such as pricing information and well-thought-out planning, can bring to a company. Read the full article here on Digitimes website. Written by: Judy
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Supporting innovation for a stronger economy Minister Mélanie Joly announces over $11 million for three innovative firms to expand capabilities, benefit new markets and create over 140 jobs It is with the support of new technologies that entrepreneurs succeed in developing new products, improving production methods, deploying new marketing strategies and implementing new business processes. Businesses and organizations in all sectors need innovative solutions to stand out from the competition, improve their productivity and ensure sustainable growth. As one of the largest tech and research hubs in Canada, the Ottawa region is harnessing the transformative power of digital technology to support
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