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Synatic plots US expansion with $2.5 million seed extension round

Synatic, a South African information integration and automation startup has secured an extra $2.5 million in a seed extension spherical led by Allan Grey E-Squared Ventures and UW Ventures, to develop to the USA.

  • Launched in 2017, Synatic has developed a low-code information automation platform that allows enterprises to iterate shortly and gives speedy time to worth for companies needing to speed up innovation leveraging a number of advanced information techniques.
  • Final 12 months, when it first introduced its seed spherical, the corporate mentioned it has over 40 enterprise clients throughout Africa, Australia and the USA (US), with a give attention to monetary providers corporations, together with Tokio Marine, Group Financial institution and EasyEquities
  • Synatic gives an entire answer for the $19 billion information integration market, providing a low-code/no-coder/your-code answer to simplify the combination of inner and exterior information sources.
  • The corporate has already developed automated information integration options for insurance coverage and wealth administration market leaders and is empowering Salesforce clients.
  • Synatic now affords pre constructed connectors to generally used information sources resembling AWS, Google Cloud, Sage, HubSpot, and different information sources.
  • The extra seed funding shall be used to extend Synatic’s market footprint in the USA, together with direct gross sales and increasing reseller and OEM partnerships, the corporate mentioned in an announcement.

 

 

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