"Data chaos continues to present new market opportunities, and Synatic has already proven itself as an emerging leader in the expanding data management space," said Harry Apostoleris, Co-founder of UW Ventures. "We expect Synatic's unique hybrid approach to moving and managing data will continue to gain momentum as more enterprise organizations struggle with extracting and combining data trapped in scattered data lakes and repositories."
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%. "As data continues to cause a multitude of problems for companies of various sizes, our investment in Synatic will help the company further expand globally, allowing organizations to seamlessly connect their systems and utilize their data," said Brendon Jones, Chief Executive Officer of Adansonia Fund Manager Private Limited and Director of APEO.
"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 prebuilt connectors to commonly used data sources such as AWS, Google Cloud, Sage, HubSpot, and other data sources.
About Synatic
Synatic is a powerful Hybrid Integration Platform (HIP) that allows for various forms of data to be extracted, manipulated, stored, and moved to a destination. The comprehensive platform can easily transform data according to specific requirements and move data to create a cohesive technology ecosystem. With Synatic, solving complex data challenges is as simple as dragging and dropping connectors and steps into your workflow, removing the need for extensive programming knowledge or the need for additional plug-ins; this eliminates the need to create workarounds for the complex data requirements you may have. For more information, please visit www.synatic.com.
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SOURCE Synatic