Symphony Communication Services

Symphony Communication Services

  • FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    24 Dec, 2019

Description

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.

PEOPLE

FOUNDERS:
David Gurle
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
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.
KEY EMPLOYEES:
Ken Yagen (Chief Product Officer)

TRACTION

VALUATION / MARKET CAP:
$1 Billion 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:
Viewable by subscribers only
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 Millions
DATE OF LAST FUNDING:
Apr 2018
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 Millions Closed: Oct 2014
SERIES B
$100 Million Closed: Oct 2015
SERIES C
$63 Millions Closed: May 2017
SERIES D
$67 Millions Closed: Apr 2018
SERIES E
$165 Million Closed: 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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