About Synacor
Synacor is a company based in Buffalo (United States) founded in 1998 was acquired by Centre Lane Partners in February 2021.. Synacor has raised $26.27 million across 4 funding rounds from investors including North Atlantic Capital, Rand Capital and Mitsui Ventures. The company has 97 employees as of December 31, 2022. Synacor has completed 5 acquisitions, including Carbyn, NimbleTV and Qumu. Synacor offers products and services including Cloud ID and Zimbra. Synacor operates in a competitive market with competitors including Entrust, Criteo, NextRoll, TeleSign and Unified, among others.
- Headquarter Buffalo, United States
- Employees 97 as on 31 Dec, 2022
- Stage Public
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Synacor, Inc.
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Annual Revenue
$81.36 M-33as on Dec 31, 2020
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Net Profit
$-11.56 M-28as on Dec 31, 2020
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EBITDA
$-2.59 M-226as on Dec 31, 2020
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Total Equity Funding
$26.27 M (USD)
in 4 rounds
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Latest Funding Round
$4.92 M (USD), Post-IPO
Sep 14, 2015
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Investors
North Atlantic Capital
& 7 more
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Employee Count
97
as on Dec 31, 2022
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Investments & Acquisitions
Carbyn
& 4 more
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Acquired by
Centre Lane Partners
(Feb 11, 2021)
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Products & Services of Synacor
Synacor offers a comprehensive portfolio of products and services, including Cloud ID and Zimbra. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure frictionless logins for subscribers and services.
Provides business email and productivity tools for teams.
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Funding Insights of Synacor
Synacor has successfully raised a total of $26.27M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $4.92 million completed in September 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $4.9M
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First Round
First Round
(03 Apr 2003)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Post-IPO - Synacor | Valuation |
investors |
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| Oct, 2006 | Amount | Series C - Synacor | Valuation |
investors |
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| Jan, 2004 | Amount | Series B - Synacor | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Synacor
Synacor has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include North Atlantic Capital, Rand Capital and Mitsui Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused Venture debt firm providing debt finacing in the US and Europe
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Synacor
Synacor has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Carbyn, NimbleTV and Qumu. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile application development services are provided to various clients.
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2010 | ||||
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Subscribed cable channels are accessed worldwide via any device.
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2010 | ||||
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Enterprise collaboration software is offered with open source APIs.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Synacor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Synacor Comparisons
Competitors of Synacor
Synacor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Entrust, Criteo, NextRoll, TeleSign and Unified, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
AI-driven ad campaigns are managed for personalization and optimization.
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| domain | founded_year | HQ Location |
Provider of data-driven marketing technology for B2B and D2C businesses
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| domain | founded_year | HQ Location |
Cloud-based API for user verification and risk assessment is provided.
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| domain | founded_year | HQ Location |
Social media advertising services are delivered across digital platforms.
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| domain | founded_year | HQ Location |
Audiences are connected to brands via cross-screen video advertising.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Synacor
Frequently Asked Questions about Synacor
When was Synacor founded?
Synacor was founded in 1998 and raised its 1st funding round 5 years after it was founded.
Where is Synacor located?
Synacor is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Who is the current CEO of Synacor?
Drake Harvey is the current CEO of Synacor.
Is Synacor a funded company?
Synacor is a funded company, having raised a total of $26.27M across 4 funding rounds to date. The company's 1st funding round was a Series B of $4.67M, raised on Apr 03, 2003.
How many employees does Synacor have?
As of Dec 31, 2022, the latest employee count at Synacor is 97.
What is the annual revenue of Synacor?
Annual revenue of Synacor is $81.36M as on Dec 31, 2020.
What does Synacor do?
Synacor was founded in 1998 and is headquartered in Buffalo, United States. Operations focus on the technology sector, where cloud-based federated identity management solutions are developed and delivered. A platform is supplied to over-the-top (OTT) solution providers, enabling content delivery to consumers across various devices. Services include identity verification and authorization for accessing online content, as well as MVPD discovery and authentication processes.
Who are the top competitors of Synacor?
What products or services does Synacor offer?
Synacor offers Cloud ID and Zimbra.
How many acquisitions has Synacor made?
Who are Synacor's investors?
Synacor has 8 investors. Key investors include North Atlantic Capital, Rand Capital, Mitsui Ventures, Crystal Venture, and Advantage Capital.
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