Synatic, a provider of data integration and automation, announced it has secured an additional $2.5 million in a seed extension funding round, enabling the company to expand its market reach in the United States in preparation for Series A funding early in 2023.
Participating in the seed extension round are Allan Gray E-Squared Ventures (AGEV), UW Ventures, Adansonia PE Opportunities VCC, and the Endeavor Harvest Fund.
The additional seed funding will be used to increase Synatic’s market footprint in the United States, including direct sales and expanding reseller and OEM partnerships.
The Synatic Hybrid Integration Platform is a data integration and automation solution that brings together iPass, EB, ETL, API management, and on-premise connectivity.
The platform offers simple, enterprise-grade tools to cut the time and cost of integration, automation, and analytics by 80%, according to the company.
“Synatic’s integration and automation platform is already gaining ground in multiple international markets,” said Martin Naude, founder and CEO of Synatic. “With this additional seed money, we can bring a new focus to the U.S. market, expanding our sales and marketing program and recruiting new reseller and developer partners.”
Synatic provides a complete solution for the $19 billion data integration market, offering a low-code/no-coder/your-code solution to simplify the integration of internal and external data sources.
The company has already developed automated data integration solutions for insurance and wealth management market leaders and is empowering Salesforce customers. Synatic also offers pre built connectors to commonly used data sources such as AWS, Google Cloud, Sage, HubSpot, and other data sources.
For more information about this news, visit www.synatic.com.