About Phlyt
Phlyt is a company based in Toronto (Canada) founded in 2017 was acquired by Red Hat in November 2021.. Phlyt operates in a competitive market with competitors including Hedgehog lab, Kontron, AKQA, AlmavivA and Hancom, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Phlyt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Phlyt
Phlyt has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Red Hat. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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OpenStack distribution and Kubernetes cluster management are facilitated across clouds.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Phlyt
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Phlyt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phlyt Comparisons
Competitors of Phlyt
Phlyt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hedgehog lab, Kontron, AKQA, AlmavivA and Hancom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Mobile application development and UX design services are provided.
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Embedded computing platforms are developed for industrial applications.
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Integrated digital marketing campaigns are developed and executed across channels.
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IT services suite solutions are provided globally by AlmavivA.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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Software development services are provided by Unicorn in Prague.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Phlyt
When was Phlyt founded?
Phlyt was founded in 2017.
Where is Phlyt located?
Phlyt is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Phlyt do?
Phlyt was founded in 2017 in Toronto, Canada, where operations are centered in the technology sector. Software development services are offered, including custom solutions for various applications. The company maintains its presence through the domain phlyt.io, serving clients with a focus on efficient software creation. Activities are conducted primarily from the Toronto base, supporting regional and international projects in software engineering.
Who are the top competitors of Phlyt?
Phlyt's top competitors include Saksoft, Unicorn and Hedgehog lab.
Who are Phlyt's investors?
Phlyt has 1 investor. Key investors include Red Hat.
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