Alternative data insights startup Synaptic raises $20 mn from Valor

Synaptic, a leading alternative data insights start-up, said it has raised $20 million in Series B funding round led by Valor Equity Partners. Synaptic combines 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.

“We will continue extending and strengthening access to our solutions for decision-makers and alternative data providers,” said Rohit Razdan, co-founder, of Synaptic. “Research and data is over $100 billion industry that has just begun using alternative data. We want to be the partner of choice for any organization that wants to leverage alternative datasets.”