Lytica provides an electronic component market intelligence platform that uses machine learning and AI to analyze real-world pricing data and deliver spend analytics and risk intelligence. Its models use real pricing data to provide accurate, timely insights tailored to each client’s situation. The platform helps organizations make their supply chains more cost transparent, resilient, and predictable, with Fortune 500 and blue-chip companies among its customers. Led by CEO Martin Sendyk, the company plans to use new funding to accelerate product and platform innovation, expand its team of specialists, and foster industry partnerships. The company emphasizes reducing costs and mitigating supply chain risk through true market insights derived from customer data. Lytica is based in Ottawa, Ontario, Canada.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2022