Total amount raised
$62.9 Millions
Latest funding date
Location
Cybersyn has successfully raised $62.9 million in a Series A funding round, with significant backing from investors such as Coatue, Snowflake, and Sequoia Capital. The company is leveraging this capital to enhance its data-as-a-service offerings, focusing on real-time consumer insights and analytics.
Keep reading to explore the intricacies of Cybersyn's fundraising journey and the investors backing this innovative platform.
What Is Cybersyn?
Cybersyn, founded in 2022 by Alexander Izydorczyk, is a data-as-a-service (DaaS) company based in New York, New York. The company specializes in providing real-time consumer insights and analytics, helping businesses make informed decisions through standardized, ready-to-use data.
Operating within the analytics, database, and software industries, Cybersyn employs between 11 and 50 people. The company's mission is to make the world's data transparent and accessible, offering products like "Consumer Current" and "Cybersyn Foundations" to deliver deep insights into consumer behavior and market dynamics.
How Much Funding Has Cybersyn Raised?
- Amount Raised: $62.9M
- Date: April 2023
- Lead Investors: Snowflake, Coatue, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and acquire more proprietary data for creating data products focused on macroeconomic trends.
Total Amount Raised: $62.9M. Current Valuation: Not publicly disclosed.
Key Investors
- Snowflake
- Details: Snowflake is a data cloud company that provides a platform for data warehousing, data lakes, data engineering, data science, data application development, and data sharing. It led Cybersyn's Series A funding round and has key figures like Mike Scarpelli and Christian Kleinerman on Cybersyn's board of directors.
- Investment Focus Areas: Data cloud services, data warehousing, data lakes, data engineering, data science.
- Notable Investments: This is the first time Snowflake has led a startup funding round.
- Coatue Management
- Details: Coatue Management is a global investment manager focused on public and private companies in the technology, media, and telecommunications sectors. Thomas Laffont from Coatue has joined Cybersyn's board of directors.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: ByteDance, Snap Inc., DoorDash.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies across various sectors, including technology, healthcare, and consumer services. Mike Vernal from Sequoia has expressed confidence in Cybersyn’s potential.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
What's Next for Cybersyn?
Cybersyn is poised to capitalize on the burgeoning demand for real-time economic data. With a fresh infusion of $62.9 million, the company plans to expand its team and acquire more proprietary data, creating products that offer deep insights into macroeconomic trends. This positions Cybersyn to serve a wide array of clients, from investors to government agencies, leveraging Snowflake's extensive data marketplace.
Future fundraising opportunities seem promising, given the strong backing from high-profile investors like Snowflake, Coatue, and Sequoia Capital. These strategic partnerships not only provide financial support but also open doors for further investment rounds. However, Cybersyn will need to navigate challenges such as data quality assurance and regulatory compliance to maintain its competitive edge.
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