Gurgaon- October 2022 LythouseIt has received an undisclosed amount in fund raising from the Hyderabad headquarters SucSEED Endowment Fund And as an established angel Gopinath Latpat As part of the pre-series round.
Lythouse launched in January 2020 as a safety tech company. With the motto “Keeping Businesses and People Safer in India”. Lythouse with its proprietary product Lythouse Riskmatic Platform It aims to save 12,000 businesses an additional $1 billion over the next 4-5 years by reducing business risks and impacting millions of lives.
Lythouse helps businesses identify and notify businesses of any external risk due to any external event and mitigate it in real time using the workflow provided by the platform. Lythouse uses AI/ML technology to identify real-time external threats that could impact business continuity on revenue, infrastructure or human lives. The Lythouse riskmatic platform comes with the employee and provides key alerts to the employees and their families about threats from the external environment and access to our 24X7 command center in case of road, home or any unknown hazards. The platform provides access to verified police stations, ambulances, hospitals and other emergency-related information based on their location.
Unlike traditional media reports that do not add geo intelligence to any external event and are flooded with spam news, Lythouse adds geo intelligence using an insight engine and ensures that only relevant risk-relevant insights are communicated to businesses and their teams.
Lythouse worked extensively during the pandemic and helped save many lives by creating products such as social distancing points, medical emergency services, 24X7 command center for employee safety and pandemic hybrid workplace solutions. They have worked with large enterprise clients in the IT, insurance, manufacturing and retail industries. 
Dheeraj Naubar, Founder and CEO Lythouse he said “There is a huge gap in gathering the right information about external events that pose a risk to your business and your employees. Today, hundreds of protests and thousands of riots are reported across the country every day, which is a huge threat to businesses and workers. Lythouse is there to provide businesses and people with the right set of insights at the right time to calculate and mitigate losses and mitigate risk in a timely manner. This product will impact and change how businesses view logistics continuity, supply chain, workforce, manufacturing and infrared security. The recent floods in Bangalore are a testimony to the losses that businesses face due to external events.He said.
Diraj Nuhbar added:We will use these funds to deepen the technology by building information Analytical algorithms using AI/ML and strengthening our operations by collecting more emergency data PageVeterans to reduce risk on the ground when we go in operation 24/7He said.
Pratik Sharma, Co-founder and CTO of Lythouse he said “Artificial intelligence and machine learning today enable big data to be moderated and filtered for accurate insights and that’s what Lythouse does to bring real-time insights to our clients from external threats with geo-intelligence. Our solutions have enabled enterprises to save millions of dollars and priceless lives in India.He said.
Vikrant Varshni Co-founder and managing partner SucSEED Endowment Fund, he said “After more than two decades of working in senior management roles in enterprise risk, business continuity and resilience functions at large global enterprises, I know the significant gaps in the business environment and the opportunities to leverage the platform. There are many natural and man-made phenomena that threaten the continuity of large enterprises. Lythouse collects micro security data from multiple sources, uses AI tools and turns it into meaningful insights for business continuity. Lythouses can accommodate MSEEs and MNCs, increasing their user base and expansion.. We’ve seen their product grow with early business adoption and with our extensive network of risk professionals and business leaders, we can help them with early market access.”
Gopinath Latpat, The leading investorSince its inception, Lythouse’s mission to citizen and business safety has resonated very well with me; They have always made this promise, even at the height of the epidemic. This further increased my faith in their cause. As technology advances, Lythouse is able to provide data-driven information to businesses and their employees. The Lythouse risk matic platform is committed to the widespread adoption of technology by the company’s leadership to maintain business continuity.”
