Symphony Communication Services

bankingtechomni channel conversational platform

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 01/05/2020

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About

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.

Focus

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).

MAIN CLIENTS

Citi

CLSA

Jefferies

J.P Morgan

Morgan Stanley

Natixis

Bank of America Merrill Lynch

BlackRock

and Credit Suisse.

Traction

VALUATION / MARKET CAP:

$1 B in 2018

VALUATION COMMENT:

After the latest funding round, the company's valuation is at $1 billion+. (Apr. 2018)

REVENUE

$10M+ in 2018

REVENUE COMMENT:

In 2018, the company generated an annual revenue of ~$100 million.

ACTIVE USERS COMMENT:

Symphony's platform is being used by more than 390 firms with more than 400,000 users. (Feb. 2019)

Momentum

FUNDED

YES

TOTAL FUNDING

$461 M

DATE OF LAST FUNDING

Jun 2019

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)

FUNDING SERIES

SERIES A  · $66 M  · Oct 2014

SERIES B  · $100 M  · Oct 2015

SERIES C  · $63 M  · May 2017

SERIES D  · $67 M  · Apr 2018

SERIES E  · $165 M  · Jun 2019

LISTED

NO

COMMENT

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).

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