Cinchy Raises $10M to Support Growing Demand for Data Fabric Technology
PRIVATEMay 26, 2020
Amount Raised
$10 Million
Round Type
Funding Round
TorontoInformation TechnologySoftwareSaasEnterprise SoftwareAnalyticsData CenterBig DataData Infrastructure and Analytics
Description
Cinchy, the Data Collaboration company, secured $10M in Series A financing, led by Information Venture Partners (IVP) with additional funds coming from BDC, ScaleUp Ventures, Techstars, and Manulife Investment Management. Raising capital in a tough post-pandemic market signals incredibly strong validation from customers and investors.
Company Information
Company
Cinchy
Location
Toronto, Ontario, Canada
About
Cinchy is the world's leading Enterprise Data Collaboration platform. Using data mesh principles, Cinchy liberates data from application silos and transforms it into a network of federated data products. Cinchy makes it simple and secure for teams, systems, and AI to “co-produce” data in real-time.
Cinchy eradicates the time-consuming and error-prone processes associated with coordinating and merging changes across multiple teams and systems, steadily increasing efficiencies and 50%+ time and cost savings compared to traditional approaches, including APIs, ETLs, and spreadsheets.
Fundz sees it the moment Cinchy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
TorontoInformation TechnologySoftwareSaasEnterprise SoftwareAnalyticsData CenterBig DataData Infrastructure and Analytics