Synaptic, an India-based leading alternative data insights start-up, announced that it closed $20 million in Series B funding.
The round was led by Valor Equity Partners. Synaptic combines the best of technology, machine learning, and finance to bring sophisticated alternative data insights to decision-makers.
With the funding, Synaptic will continue to invest 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: Vy Labs Technologies Pvt Limited
Raised: $20.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Valor Equity Partners
Additional Investors:
Company Website: https://synaptic.com/
Software Category: Alternative Data Insight
About the Company: Synaptic was incubated inside Vy Capital and spun out by Anurag Abbott and Rohit Razdan in 2016 to bring the best of finance and technology into a platform that could supercharge insights and decisions making for investors and corporates. By bringing the power of data and machines machine learning to alternative data research, Synaptic provides comprehensive tracking of companies, sectors, and competitors by analyzing a wide variety of datasets, financials, and company reports in one place. The company enables top Venture Capital and Private Equity firms, Corporates, Hedge Funds, and Asset Managers across the globe to make better decisions with data-driven confidence. Synaptic has offices in India and the United States.
Source: https://synaptic.com/press-release.html