Syncari Raises More than $17 Million in Series A Funding Round
Syncari recently announced $17.3 million in Series A funding led by Crosslink Capital with participation from existing investors. The capital injection brings Syncari’s total funding earned to nearly $27 million since its founding in June 2019. Syncari’s funding will be used to hasten the firm’s product rollout while also helping it expand sales, marketing, customer success and engineering.
Syncari offers a data automation platform that unifies, scores, and cleans data from an organization’s top systems. The product enables users to add new sources and update data or schemas. It also adapts to changes and enforces cross-system policies centrally. Syncari touts a growing library of drag-and-drop functions and pre-configured templates as well. The platform is codeless, easy to use, and scales to meet organizational needs.
Syncari touts a patent-pending multi-directional sync engine that automates and governs the flow of data across enterprise systems. It features technology that empowers non-technical business users to stitch together disparate systems into one unified data model. The company was founded by a team of ex-Marketo, MuleSoft and Zendesk executives.
In a media statement on the news, Syncari CEO Nick Bonfiglio said: “We see a huge and largely unaddressed market opportunity: to make the modern tech stack operate as one efficient system with trusted, unified data. 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 Letter from the CEO: Announcing Our Series A Funding Round in the company’s blog to learn more.