Synaptic secures $20 Million for alternative data insights startup

Synaptic, an alternative data insights startup, announced Monday that it had closed a $20m Series B funding round, led by Valor Equity Partners. This will allow it to invest in product innovation, double its data science capabilities, partner with data vendors, and increase its go-to market teams in key financial hubs around the world.

The current capital injection will help increase its reach and allow for expansion to more markets. Additionally, it will help to concentrate on increasing its current headcount which is approximately 80 in the next 18-months.

According to the company, it combines finance, technology, and machine learning to provide sophisticated alternative data insights for decision-makers.

Synaptic was founded as the data and analysis team at Vy Capital (a $6 billion AuM global tech investment company).

In 2016, it became an independent corporation. In 2016, the company became an independent entity. It has previously raised $6m in seed and series A funding from Felicis Ventures, Ribbit Capital and Vy Capital Management.

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