What is Synacor?
Synacor, founded in 2001 and headquartered in Buffalo, New York, operates as a crucial technology development, multiplatform services, and revenue partner for a diverse range of clients, including video, Internet, and communications providers, device manufacturers, governments, and enterprises. The company's core offerings encompass managed portals, advanced advertising solutions, robust email and collaboration platforms, and cloud-based identity management services. Its strategic positioning allows it to serve as a vital link in the digital infrastructure for its partners.
How much funding has Synacor raised?
Synacor has raised a total of $71.1M across 5 funding rounds:
Series A
$4.5M
Series B
$5.4M
Series C
$17.3M
Stock Offering
$25.4M
Stock Offering
$18.5M
Series A (2003): $4.5M with participation from Walden Ventures, Advantage Capital, and Crystal Internet Ventures
Series B (2005): $5.4M led by Crystal Internet Ventures, Walden Ventures, Intel Capital, and Advantage Capital
Series C (2006): $17.3M supported by Intel Capital, Advantage Capital, Seed Capital Partners, North Atlantic Capital, Crystal Ventures, and Walden International
Stock Issuance/Offering (2012): $25.4M featuring Undisclosed
Stock Issuance/Offering (2017): $18.5M backed by Undisclosed
Key Investors in Synacor
Intel Capital
Intel Capital, a division of Intel, is a prominent investor focusing on innovative startups across AI, autonomous vehicles, datacenter, Cloud, and 5G technologies. They actively curate business development introductions.
Advantage Capital
Advantage Capital Partners is a venture capital firm that invests in cleantech, communication, energy, information technology, and life sciences industries, operating from New Orleans.
Seed Capital Partners
Seed Capital Partners is an early-stage venture capital firm specializing in information technology, communications, and financial services, with a focus on companies in the Northeastern United States, Southeastern Canada, and Israel.
What's next for Synacor?
With a history of strategic investments and a focus on evolving technology services, Synacor is poised for continued development. The recent major strategic investment suggests a focus on scaling operations, enhancing its platform capabilities, or potentially expanding into new market segments. The company's established presence in providing essential digital services indicates a trajectory aimed at solidifying its role as a key partner for providers and enterprises navigating the complexities of digital transformation and service delivery.
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