NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Synaptic, a leading alternative data insights start-up, announced today the successful closure of $20 million in Series B funding round led by Valor Equity Partners. Synaptic combines the best of technology, machine learning, and finance to bring sophisticated alternative data insights to decision-makers.

With the funding, Synaptic will continue 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.

“The amount of data generated by the world grows exponentially every year and can be valuable in providing accurate, detailed insights across all types of markets. However, the data is raw, unstructured, and constantly shifting, making it difficult for companies to use it in any meaningful way. We are a leader in analyzing billions of data points every day to provide reliable insights to investors and corporations so they can make better decisions. With the Series B funding, we will massively increase our reach and bring our capabilities to more markets and geographies. We are highly enthusiastic about the investment from Valor and look forward to working together with their incredibly experienced team to elevate Synaptic to the next level.”, said Anurag Abbott, Co-Founder, Synaptic.

Photo courtesy of Campaign Creators.