About SYNQ3
SYNQ3 is a Consumer company based in Colorado Springs (United States) founded in 2007, and was acquired by SoundHound in December 2023. Suite solutions for restaurant management and operations are provided. SYNQ3 has raised $3.5 million across 2 funding rounds from investors including SoundHound. SYNQ3 has completed 1 acquisition, including Novo Labs. Its focus areas include Food and Agriculture Tech, Food Tech, Technology Enablers and Restaurants. Its legal entity is SYNQ3 RESTAURANT SOLUTIONS, LLC. Its competitors include Toast, Olo and Zenput; 3 of its 3 listed competitors have raised funding.
Company details
SYNQ3 was founded in 2007 in Colorado Springs, United States, within the restaurant technology sector. A platform is operated that delivers integrated solutions for businesses such as restaurants, cafes, bistros, and bars. Features encompass guest relationship management, staff scheduling, data analytics, reporting, and cost control. Operations focus on the U.S. market, with services designed to support efficiency in daily restaurant functions.
- Total Equity Funding$3.5M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Series A
Sep 2023
- Investors
- Investments & Acquisitions
- Acquired bySoundHound
(Dec 2023)
Apps and channels of SYNQ3
its YouTube channel SoundHound has 5.29K subscribers and 30 videos.
Videos from SYNQ3
The most watched videos on SYNQ3's YouTube channel, SoundHound (5.29K subscribers). Click a video to play it here.
More on SoundHound.
Funding Insights of SYNQ3
SYNQ3 has successfully raised a total of $3.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in September 2023. 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 $3.5M
- Total Rounds 2
- Last Round Series A — $2M
- First Round $1.5M
(Jun 2015)
All 2 funding rounds of SYNQ3 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $2M | Series A | – | – | – |
| Jun 2015 | $1.5M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in SYNQ3
SYNQ3 has secured backing from 1 investor. Prominent investors backing the company include SoundHound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of cloud and AI-based sound recognition solutions for multiple applications | soundhound.com | Santa Clara, United States |
Investor details for SYNQ3
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People of SYNQ3
12 people are tracked at SYNQ3 (5 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Matt Favier | CMO | Leadership |
Steve Johnson | CFO | Leadership |
Steve Bigari | CEO | Leadership |
Louis Noriega | VP, Workforce Development & Operations | Leadership |
John Noel | Sr. Director, Operations | Leadership |
Aaron Turnbull | Information Security Officer | Team |
Jeff Loukas | Product Officer | Team |
Linda Woten | Operations Manager | Team |
Rebecca Clark | Client Success Manager | Team |
Daniel Johnson | Technical Support Analyst | Team |
Phillip H. | Data Annotator | Team |
Daniel J Foster | Data Services Manager | Team |
Complete people profiles for SYNQ3
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Investments & Acquisitions by SYNQ3
SYNQ3 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Novo Labs.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-powered conversational e-commerce solutions are offered for restaurants. | novolabs.com | Dallas, United States | 2004 | Jun 2021 | •••• |
Complete acquisition details for SYNQ3
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Timeline of SYNQ3
5 dated milestones of SYNQ3 across 16 years, from founding to its latest funding, stage changes and deals.
- Founded SYNQ3 is founded.
- Funding First funding round of $1.5M.
- Acquisition Acquires Novo Labs.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by SoundHound.
Competitors of SYNQ3
SYNQ3 has 3 listed competitors in our database, 3 of them funded. They include Toast, Olo and Zenput.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pos.toasttab.com | 2011 | Boston, United States | $900M | 5,700 | Restaurant operations are managed via a cloud-based platform. | |
| olo.com | 2005 | New York, United States | $73.61M | 39 | Olo is recognized as a restaurant technology platform provider. | |
| zenput.com | 2011 | San Francisco, United States | $43.82M | 71 | Zenput is utilized as an operations execution platform for multi-unit operators. |
Detailed competitors of SYNQ3
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Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as SYNQ3 (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Synq3
Complete news archive for SYNQ3
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Frequently Asked Questions about SYNQ3
SYNQ3 was founded in 2007 and raised its 1st funding round 8 years after it was founded.
SYNQ3 is headquartered in Colorado Springs, United States. It is registered at Colorado Springs, Colorado, United States.
SYNQ3 is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2015.
SYNQ3 was founded in 2007 in Colorado Springs, United States, within the restaurant technology sector. A platform is operated that delivers integrated solutions for businesses such as restaurants, cafes, bistros, and bars. Features encompass guest relationship management, staff scheduling, data analytics, reporting, and cost control. Operations focus on the U.S. market, with services designed to support efficiency in daily restaurant functions.
SYNQ3 has made 1 acquisition, including Novo Labs.
SYNQ3 has 1 investor. Key investors include SoundHound.
SYNQ3 operates through Synq3 Restaurant Solutions, Llc.
Yes. SYNQ3 was acquired by SoundHound in December 2023.