Synalogik, a London, UK-based company whose Scout® data automation platform allows organizations to aggregate data, identify risk, and create reports, raised more than £3 million in a Series A funding round.
The funding round was led by high-profile investors Bill Currie, founder of retail, eCommerce, and tech investment fund, the William Currie Group, and Sir Terry Leahy, former CEO of Tesco.
Synalogik will use the capital raised to scale its Scout® solution across different markets and territories and to expedite the launch of additional solutions that have been in development over the past 18 months.
Company: Synalogik Innovative Solutions Limited
Round: Series A
Funding Month: January 2022
Lead Investors: Bill Currie
Additional Investors: William Currie Group and Sir Terry Leahy
Company Website: https://synalogik.com/
Software Category: Data automation platform
About the Company: Synalogik was founded in late 2018 by a group of former police officers, barristers, and members of the intelligence community who were frustrated by the inefficiency of manually aggregating data from disparate sources. SYNALOGiK delivers innovative solutions that automate intelligence and investigation processes, aim to revolutionize the way criminality, fraud & risk are identified, investigated, and detected, providing a financial and strategic advantage to our global client base. Synalogik’s solution, Scout®, is a unique platform that enables organizations to automate data aggregation from multiple disparate sources, identify risk, and report findings in seconds. Scout® supports users with regulatory compliance, anti-money laundering, and fraud investigation. Synalogik is currently providing SaaS platforms and consultancy services into the following sectors: law enforcement, banking, gambling, insurance, and legal, among others.