About Synadia
Synadia is a company based in Los Angeles (United States) founded in 2014.. Synadia has raised $25 million across 2 funding rounds from investors including Accenture, Singtel Innov8 and Forgepoint Capital. Synadia offers products and services including Synadia Cloud and Synadia Platform. Synadia operates in a competitive market with competitors including IoTeX, Quantoz, Devvio, Taraxa and Nitro Network, among others.
- Headquarter Los Angeles, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Synadia Communications, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series B
Feb 22, 2024
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Investors
Accenture
& 4 more
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Employee Count
Employee Count
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Products & Services of Synadia
Synadia offers a comprehensive portfolio of products and services, including Synadia Cloud and Synadia Platform. 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.
Fully managed service for global NATS connectivity and deployment.
Enterprise-ready tools for NATS with operational support.
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Funding Insights of Synadia
Synadia has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in February 2024. 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 2
- Last Round Series B — $25.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Synadia | Valuation | ForgePoint Capital | |
| Jul, 2020 | Amount | Seed - Synadia | Valuation | Accenture |
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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 Synadia
Synadia has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, Singtel Innov8 and Forgepoint Capital. 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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Investments are directed toward early-stage cybersecurity startups.
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Founded Year | Domain | Location | |
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Venture capital investments are backed by Singtel through Innov8.
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Founded Year | Domain | Location | |
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Early & Late stage tech-focused VC firm investing in geographies such as the US
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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 Synadia
| 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 |
Financial Statements - Synadia
| 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 |
Synadia Comparisons
Competitors of Synadia
Synadia 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 IoTeX, Quantoz, Devvio, Taraxa and Nitro Network, 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 |
Blockchain-based connectivity for IoT applications is facilitated.
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| domain | founded_year | HQ Location |
Blockchain-based software tools and applications.
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| domain | founded_year | HQ Location |
Blockchain and AI-based protocol for IoT connectivity is provided.
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| domain | founded_year | HQ Location |
A blockchain platform for IoT applications is provided by Taraxa.
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| domain | founded_year | HQ Location |
Provider of a decentralized private communication network
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Synadia
Frequently Asked Questions about Synadia
When was Synadia founded?
Synadia was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Synadia located?
Synadia is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Synadia a funded company?
Synadia is a funded company, having raised a total of $25M across 2 funding rounds to date.
What does Synadia do?
Synadia was founded in 2014 and is based in Los Angeles, United States. Operations focus on the IoT and blockchain sectors. A connectivity solution utilizing blockchain technology is offered for IoT devices and applications. The open-source NATS messaging system is integrated to facilitate communication between machines, programs, or devices. Decentralized identity management, permission controls, and micropayments are incorporated into messaging services. Availability is structured around a subscription pricing model.
Who are the top competitors of Synadia?
What products or services does Synadia offer?
Synadia offers Synadia Cloud and Synadia Platform.
Who are Synadia's investors?
Synadia has 5 investors. Key investors include Accenture, Singtel Innov8, Forgepoint Capital, LDV Partners, and 5G Open Innovation Lab.
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