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Cinchy Raises $10M to Support Growing Demand for Data Fabric Technology

May 26, 2020•over 5 years ago

Amount Raised

$10 Million

TorontoData Infrastructure and Analytics

Description

Cinchy, the Data Collaboration company, secured $10M in Series A financing, led by Information Venture Partners (IVP) with additional funds coming from BDC, ScaleUp Ventures, Techstars, and Manulife Investment Management. Raising capital in a tough post-pandemic market signals incredibly strong validation from customers and investors.

Company Information

Company

Cinchy

Location

Toronto, Ontario, Canada

About

Cinchy is the world's leading Enterprise Data Collaboration platform. Using data mesh principles, Cinchy liberates data from application silos and transforms it into a network of federated data products. Cinchy makes it simple and secure for teams, systems, and AI to “co-produce” data in real-time. Cinchy eradicates the time-consuming and error-prone processes associated with coordinating and merging changes across multiple teams and systems, steadily increasing efficiencies and 50%+ time and cost savings compared to traditional approaches, including APIs, ETLs, and spreadsheets.

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