Alternative Data Insights Startup Synaptic Secures $20 Million In Funding

May 31, 2022•about 3 years ago

Amount Raised

$20 Million

Chennai

Description

Chennai: Alternative data insights start-up, Synaptic on Monday said it has closed a $20 million Series B funding round led by Valor Equity Partners which it will use to continue investment in product innovations, double down on its data science capabilities, partnerships with data vendors, and expand its go-to-market teams in key global financial hubs.

Company Information

Company

Synaptic

Location

Chennai, Tamil Nadu, India

About

The company said it combines technology, machine learning, and finance to bring sophisticated alternative data insights to decision-makers. Previously, the company has raised $6 million in seed and Series A funding from Ribbit Capital, Felicis Ventures, and Vy Capital Management. Alternative data insights start-up, Synaptic on Monday said it has closed a $20 million Series B funding round led by Valor Equity Partners which it will use to continue investment in product innovations, double down on its data science capabilities, partnerships with data vendors, and expand its go-to-market teams in key global financial hubs. Razdan said that Synaptic has its own internal processes and legal teams to make sure that it is handling data appropriately and not compromising on user privacy in any way.

Funding Insights

Based on industry data

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