Cinchy Announces $14.5 Million Series B Funding Led By Forgepoint
PRIVATEOct 27, 2022
Amount Raised
$14.5 Million
Round Type
Series B
TorontoInformation TechnologySoftwareSaasEnterprise SoftwareAnalyticsData CenterBig DataData Infrastructure and Analytics
Description
Cinchy, the pioneer of dataware technology and leader of data liberation, today announced a $14.5 million USD Series B financing round led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join Cinchy’s Board of Directors, while Reynaldo Kirton comes on board as an advisor. This investment allows Cinchy to further capitalize on the surge in global demand for data fabric and data mesh solutions that help free the enterprise from unruly application ecosystems and regain greater control of their data. Cinchy, which enables instant visibility into organizational data, offers an out-of-the-box solution that provides immediate time to value by turning abstract data concepts into actual live dataware deployments.
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