Synaptic

About Synaptic

Synaptic functions as an alternative data insights platform, providing processed and structured data to financial firms to inform their investment decisions. The company originated as an internal data and analytics tool within Vy Capital, a global technology investment firm. This initiative was born from investor Alexander Tamas's observation in 2013 of a lack of adequate data-driven tools for investors. In 2016, Anurag Abbott and Rohit Razdan spun the platform out of Vy Capital to establish it as an independent entity in India, aiming to serve a broader market. The company's legal entity, Vy Labs Technologies Private Limited, was incorporated on August 18, 2016.

The firm serves a global clientele of venture capital firms, private equity firms, hedge funds, and asset managers. Its business model centers on providing subscription-based access to its no-code platform, which unifies a wide spectrum of alternative datasets. Revenue is generated through tiered packages and custom pricing plans tailored to specific client requirements, such as additional data signals or bespoke features. The company processes billions of data points daily, transforming raw, unstructured information into actionable intelligence. This allows clients to source and track companies, conduct market research, and monitor portfolios.

Synaptic's platform consolidates over 100 performance metrics, including web and mobile traffic, employee data, product reviews, SEO data, and developer activity, for hundreds of thousands of companies globally. It employs machine learning for its analytics and automated insights engine. A key feature is the Synaptic Growth Index, launched in 2021, which assigns a proprietary momentum score to companies by blending various performance metrics. The platform is designed to help investors expand their sourcing funnels, identify promising founders, and better prioritize their investment pipelines. Milestones include raising $20 million in a Series B funding round in May 2022, led by Valor Equity Partners, bringing its total funding to $26 million. This capital is intended for product innovation, data science capabilities, and global market expansion.