$20m for Indian Data Start-up Synaptic

In India, investor analytics and alternative data start-up Synaptic has raised $20m in a Series B round of funding, which it will invest in product innovation, and to expand its data science capabilities, its partnerships with vendors, and its go-to-market teams.

Synaptic's platform helps investors source and track companies of interest, conduct market research and monitor portfolios. It offers more than 100 performance metrics - including web and mobile traffic, SEO data, employee data, product reviews, developer activity and search trends - for hundreds of thousands of public and private companies globally. These are combined with machine learning-powered analytics and an automated insights engine, allowing users to obtain personalized insights from their data.

Synaptic was incubated as the data and analytics team at Vy Capital, a $6 billion AuM global technology investment company, and was spun out as an independent company in 2016. The company previously raised $6m in seed and Series A funding from Ribbit Capital, Felicis Ventures, and Vy Capital Management. New funding has been led by Valor Equity Partners.

Rohit Razdan, co-founder of Synaptic, comments: 'We are grateful for the continued support of existing shareholders and the addition of new investors. Research and data is a $100bn+ industry that has just begun using alternative data. We want to be the partner of choice for any organization that wants to leverage alternative datasets'.

Web site: www.synaptic.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.