Producer of dataware technology and data liberation proponent, Cinchy, is announcing its Series B financing round results, having accumulated $14.5 million USD, led by Forgepoint Capital. The funding will be dedicated toward Cinchy’s efforts in data fabric and data mesh solutions, particularly directed to enhancing enterprise control over application ecosystems and their data.
“Our mission is to liberate and harness the power of data, giving it back to teams and organizations to accelerate digital transformation and growth,” said Dan DeMers, CEO and co-founder of Cinchy. “We’re thrilled to partner with the team at Forgepoint Capital, which uniquely appreciates the importance of data layer controls and the enablement of data autonomy. This latest round of funding helps us expand our team and release new offerings that include pre-built dataware solutions designed to help organizations instantly liberate both trapped data and siloed SaaS applications.”
Cinchy’s Dataware Platform supplies organizational data visibility, available instantly; the out-of-the-box solution allows enterprises to leverage its benefits quickly, increasing time to value. The solution transforms abstract data concepts into live dataware deployments, cultivating enhanced business intelligence and accelerated time to market. The goal is to relieve enterprises of the rampant costs and time expenditure of integrations, and instead build fully autonomous data networks, according to the company.
“With every investment, we promote and support technologies that are designed to disrupt long-held business practices, and there’s no question that data-enabled collaboration needs exactly those foundational advances,” said Leo Casusol, managing director at Forgepoint Capital. “We’re already seeing the power and impact of Cinchy’s Dataware Platform in transforming and enhancing business practices for customers across industries, and the company is just getting started. We couldn’t be more excited to partner through their next phase of growth and all that’s ahead.”
For more information about Cinchy or its recent funding milestone, please visit https://cinchy.com/.