May 18, 2021
SAN FRANCISCO, May 18, 2021 /PRNewswire/ — Syncari, the company behind the world’s first no-code data automation platform, has closed $17.3 million in Series A funding. Crosslink Capital led the round, with participation by seed-round investors ANIMO, NextGen Venture Partners, SignalFire, and Dig Ventures. Syncari’s total funding now stands at $26.8 million, and it will use this most recent infusion to accelerate its market rollout and lead this new category while expanding its sales, marketing, customer success, and engineering teams.
Syncari is taking aim at a growing problem that is a direct result of the explosive growth of SaaS applications and cloud data sources that are scattered across the modern enterprise: data distrust. The primary culprit of this distrust? The dozens of point-to-point connections created over decades with dated integration, RPA, ETL, or custom-coded solutions that don’t allow for data coordination across the business. When executives and their teams can’t agree on basic information, and can’t tell good data from bad data, it’s difficult for any of them to live up to being data-driven.
“We see a huge and largely unaddressed market opportunity: to make the modern tech stack operate as one efficient system with trusted, unified data,” said Nick Bonfiglio, CEO of Syncari. “This oversubscribed Series A round underscores that investors see the same opportunity and demonstrates their confidence in the work done over the last two years by Syncari’s team. This funding will further accelerate our product innovation and support our go-to-market strategy and investments.” Read rest here.