Symphony provides a secured cloud-based communication & content-sharing platform which connects markets, organizations, and individuals. It helps them to improve workflow productivity while maintaining global security and regulatory compliance. Recently, Symphony was selected for the 2019 Forbes Fintech 50 startups list.
PRODUCTS & SERVICES:
The online platform enables end-to-end encryption of the user's mobile collaborations, which helps them to securely transfer information. It also protects access to their conversations via PIN code. Users receive the push notifications that do not reveal message content (in case someone tries to spy on your phone home screen).
Citi, CLSA, Jefferies, J.P Morgan, Morgan Stanley, Natixis, Bank of America Merrill Lynch, BlackRock, and Credit Suisse.
NUMBER OF EMPLOYEES:
Google, Bank of America, Morgan Stanley, Deutsche Bank, Credit Suisse, UBS, Goldman Sachs, BNY Mellon, Citigroup, Wells Fargo, J.P. Morgan, Maverick Capital, BlackRock, Lakestar, Merus Capital, Societe Generale, Jefferies, Nomura Holdings, Natixis Private Equity, Citadel, and Enspire Capital.
Ken Yagen (Chief Product Officer)
VALUATION / MARKET CAP:
$1 Billion in 2018
After the latest funding round, the company's valuation is at $1 billion+. (Apr. 2018)
$10M+ in 2018
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ACTIVE USERS COMMENT:
Symphony's platform is being used by more than 390 firms with more than 400,000 users. (Feb. 2019)
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
Till date, the company has raised close to $300 million in funding from PE & venture rounds. Also, the company will use the latest fund to build new products. (Apr. 2018)
$66 Millions Closed: Oct 2014
$100 Million Closed: Oct 2015
$63 Millions Closed: May 2017
$67 Millions Closed: Apr 2018
$165 Million Closed: Jun 2019
The company has raised money from four rounds: $66 million (Oct. 2014), $100 million (Oct. 2015), $63 million (May 2017), and $67 million (Apr. 2018).