Synatic, a New York-based data integration and automation company, raised $2.5M in Seed extension funding
Backers included Allan Gray E-Squared Ventures, UW Ventures, Adansonia PE Opportunities VCC, and the Endeavor Harvest Fund.
The company intends to use the funds to expand market reach in the United States, including direct sales and expanding reseller and OEM partnerships, in preparation for Series A funding early in 2023,
Led by Martin Naude, founder and CEO, Synatic provides a Hybrid Integration Platform (HIP) that allows for various forms of data to be extracted, manipulated, stored, and moved to a destination. The platform brings together iPass, EB, ETL, API management, and on-premise connectivity to offer enterprise-grade tools to cut the time and cost of integration, automation, and analytics.
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.