INDIA – Synaptic, a Gurgaon- and Bangalore, India-based alternative data insights startup, raised $20M in Series B funding.
The round was led by Valor Equity Partners.The company intends to use the funds 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.Led by Anurag Abbott and Rohit Razdan, Synaptic provides a data and insights platform to investors looking to leverage diverse alternative datasets in sourcing and tracking companies of interest, market research, and portfolio monitoring. The platform brings together well over 100 performance metrics like web and mobile traffic, SEO data, employee data, product reviews, developer activity, search trends, etc, on hundreds of thousands of public and private companies globally. These are layered with machine learning-powered analytics and an automated insights engine, allowing investors to get personalized insights from their data that would otherwise remain undiscovered.The company 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. Previously, Synaptic has raised $6m in seed and Series A funding from Ribbit Capital, Felicis Ventures, and Vy Capital Management.01/06/2022
