Pathway, the female-led deeptech startup unlocking the power of real-time data, has raised a $4.5 million pre-seed round from early-stage investors Inovo Venture Partners and Market One Capital. Strategic angel investors include Roger Crook, the former Global CEO of DHL, and Lukasz Kaiser, co-author of Tensfor Flow and co-inventor of Transformers, now at OpenAI.
Pathway, founded in 2020, has made its machine learning platform free and open to all developers worldwide. “Previously the reserve of enterprise firms, Pathway’s AI-powered framework brings key competitive advantages to businesses that rely on fast-moving streams of data from multiple sources. Not only does it enable them to apply machine learning and automated reasoning to all and every stream of data it receives in real time but it automatically takes care of data updates for the developer in a streaming architecture. With Pathway, instead of waiting 12 hours for a data pipeline to refresh, businesses get up-to-date results in less than a minute,” says an official release.
Pathway has allowed industry leaders like DB Schenker and La Poste to analyse their entire transport operations and reduce latency — or time wasted waiting for results — by a factor of up to 900x, the release added.
“Pathway allows developers to resolve their data interpretation problems by creating a Python-based programming framework for transforming table-like data in real time whether that’s time series data, IoT messages, event streams or graph models. Once a developer has programmed an algorithm in Pathway, it can be used in an application in a scalable, and flexible way. It can also be easily integrated with SQL databases or existing streaming solutions like Kafka, and they can be used directly with a reactive user frontend via API.”
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