About Syncron
Syncron is a company based in Stockholm (Sweden) founded in 1999.. Syncron has raised $67 million across 2 funding rounds from investors including Ture Invest and Summit Partners. The company has 178 employees as of April 08, 2024. Syncron has completed 1 acquisition, including Mize. Syncron offers products and services including SLM Platform, Inventory Management, Pricing Solutions, and Service Fulfillment. Syncron operates in a competitive market with competitors including Generix Group, DecisionPoint, Invistics, CognitOps and HighJump, among others.
- Headquarter Stockholm, Sweden
- Employees 178 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Technology
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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 Syncron Software India Private Limited
- Date of Incorporation 30 Nov, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.93 M (USD)25.91as on Mar 31, 2023
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Net Profit
$591.54 K (USD)29.07as on Mar 31, 2023
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EBITDA
$1.05 M (USD)26.66as on Mar 31, 2023
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Total Equity Funding
$67 M (USD)
in 2 rounds
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Latest Funding Round
$67 M (USD), Private Equity Round
Oct 16, 2018
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Investors
Ture Invest
& 1 more
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Employee Count
178
as on Apr 08, 2024
- Investments & Acquisitions
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Products & Services of Syncron
Syncron offers a comprehensive portfolio of products and services, including SLM Platform, Inventory Management, Pricing Solutions, and Service Fulfillment. 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.
AI-powered tool for end-to-end service lifecycle management.
ML-driven system to boost parts sales and minimize carry costs.
AI-enabled tool for accurate service contract and parts pricing.
Platform for warranty and repair management experiences.
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Software Development Team
53 people
Leadership Team
19 people
Product Management Team
15 people
Senior Team
15 people
Sales and Marketing
10 people
Customer Team
8 people
Manager Team
4 people
Data Analysis and Operations Team
4 people
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Funding Insights of Syncron
Syncron has successfully raised a total of $67M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $67 million completed in October 2018. 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 Private Equity Round — $67.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Private Equity Round - Syncron | Valuation | Summit Partners |
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| Jun, 2017 | Amount | Debt – Conventional - Syncron | Valuation |
investors |
| 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 Syncron
Syncron has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ture Invest and Summit Partners. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Private debt is provided to companies across various sectors.
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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 Syncron
Syncron has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mize. 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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Customer experience management is provided for durable goods manufacturers.
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2011 |
| 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 - Syncron
| 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 |
Syncron Comparisons
Competitors of Syncron
Syncron 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 Generix Group, DecisionPoint, Invistics, CognitOps and HighJump, 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 |
Supply chain management and collaboration solutions are provided globally.
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| domain | founded_year | HQ Location |
Provider of a field service and warehouse management solution
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| domain | founded_year | HQ Location |
Consulting Services and Software Solutions for Inventory visibility and analytics
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| domain | founded_year | HQ Location |
Automated warehouse management is enabled by AI and cloud technologies.
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| domain | founded_year | HQ Location |
Cloud-based warehouse management software is supplied for logistics operations.
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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 Syncron
Frequently Asked Questions about Syncron
When was Syncron founded?
Syncron was founded in 1999 and raised its 1st funding round 18 years after it was founded.
Where is Syncron located?
Syncron is headquartered in Stockholm, Sweden.
Is Syncron a funded company?
Syncron is a funded company, having raised a total of $67M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20M, raised on Jun 01, 2017.
How many employees does Syncron have?
As of Apr 08, 2024, the latest employee count at Syncron is 178.
What is the annual revenue of Syncron?
Annual revenue of Syncron is $7.93M as on Mar 31, 2023.
What does Syncron do?
Syncron was founded in 1999 in Stockholm, Sweden, as a provider of cloud-based inventory optimization software. Demand forecasting, automated rotatable planning, analytics, dashboards, stock replenishment, and supplier performance overviews are included in its offerings. The software serves the mining, aerospace, construction, and wholesale sectors through operations focused on inventory management and optimization.
Who are the top competitors of Syncron?
Syncron's top competitors include Generix Group, DecisionPoint and CognitOps.
What products or services does Syncron offer?
Syncron offers SLM Platform, Inventory Management, Pricing Solutions, and Service Fulfillment.
How many acquisitions has Syncron made?
Syncron has made 1 acquisition, including Mize.
Who are Syncron's investors?
Syncron has 2 investors. Key investors include Ture Invest, and Summit Partners.
What is Syncron's valuation?
The valuation of Syncron is $175M as of Oct 2018.
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