Synergies, a Boston, MA-based provider of easy-to-use AI-powered analytics tools to medium-sized manufacturers, secured $12 million from a Series A funding

The round was led by NGP Capital, which was formerly called Nokia Growth Partners and is backed by Nokia, as its name implies. Private equity firm New Future Capital also participated.

This funding intends to accelerate hiring, market expansion, and product development. 

Company: Synergies Intelligent Systems, Inc.

Raised: $12.0M

Round: Series A

Funding Month: May 2022

Lead Investors: NGP Capital

Additional Investors: New Future Capital

Company Website: https://synergies.com.tw/

Software Category: AI-powered analytics tools

About the Company: Founded in 2016 by Michael Chang, Synergies is a technology company that produces augmented analytics and business-intelligence platform and developed its core AI analytics architecture with MIT. Synergies' mission is to accelerate the decision-making processes through search-driven analytics and AI-generated insights. Synergies now operate a team of about 70 employees across Shanghai, Taipei, Guangzhou, Singapore, and Boston.  

Source: https://techcrunch.com/2022/05/11/synergies-12-million-augmented-analytics/