Business & Economy Startups Team collaboration platform Symphony secures US$165M

Team collaboration platform Symphony secures US$165M

- Advertisement -

The Singapore and American startup raised the funding from Standard Chartered and Mitsubishi UFJ Financial Group, among other strategic investors

Team collaboration platform Symphony Communication Services announced today that it has raised US$165 million in new capital from Standard Chartered and MUFG Innovation Partners Co., Ltd., along with a group of existing and other investors.

With the new funding, the Palo Alto-based company that also has its headquarter office in Singapore will bring the total capital raised to over US$460 million.

Starting off with a messaging platform, Symphony claims that it has expanded into a collaboration platform that facilitates the digital transformation of financial markets.

- Advertisement 1-

“We are pleased to welcome Standard Chartered and Mitsubishi UFJ Financial Group to our strategic investor community. Symphony’s community is coming together to build stronger connections, automation, and expanded customer reach as part of their digital transformation initiatives,” said David Gurlé, founder and CEO of Symphony.

The company was founded four and a half years ago and said that the investment is timely given that it’s been gaining momentum. A total of 430,000 users with license comes from over 60 countries.

Also Read: Vietnam payment startups Vimo and mPOS merge, rebranded as NextPay

In addition to the funding, Symphony also launches of Symphony Market Solutions. It is a new business that seeks to help customers speed up their digital transformation initiatives via workflow automation along with a suite of standardised, licensable software solutions.

Symphony will use the new capital to evolve its new Market Solutions business, to accelerate growth in both its current and new markets and further build out its feature stack to deliver new innovation to enterprises as they replace traditional collaboration tools.

The post Team collaboration platform Symphony secures US$165M appeared first on e27.

- Advertisement 2-

Source: E27Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Read More

Healing the Divide’s Iris Koh now in SGH, hit with more serious charge of criminal conspiracy to lie to MOH

Singapore – Iris Koh,  co-founder of controversial anti-vaccine group Healing the Divide, had her the charge against her last Sunday upgraded on Friday (Jan 28) to the more serious one of criminal conspiracy to lie to the Ministry of...

Stories you might’ve missed, Jan 28

It’s not just OCBC and Singapore, scammers are ripping off people across Asia Photo: screengrab/ BDO Unibank Inc Singapore —  The phishing scams that burst into...

17 months jail for maid who shot and shared TIkTok video of herself bathing old man

Singapore – A domestic worker in Singapore was sentenced to 17 months' jail on Thursday (Jan 27) after she admitted recording and sharing online...

Family of otters no match for lone monitor lizards’ powerful tail whacking as they try to steal a fish

Singapore – A glimpse of nature at work was caught on camera as a family of otters tried to steal a fish from a...

Coffee & tea price increase at Geylang East Food Centre

Dear Editor, I refer to the attached picture taken from a stall at Geylang East Food Centre, 117 Aljunied Ave 2 when the 'GST hike'...

Healing the Divide’s Iris Koh now in SGH, hit with more serious charge of criminal conspiracy to lie to MOH

Singapore – Iris Koh,  co-founder of controversial anti-vaccine group Healing the Divide, had her the charge against her last...

Stories you might’ve missed, Jan 28

It’s not just OCBC and Singapore, scammers are ripping off people across Asia Photo: screengrab/ BDO Unibank Inc Singapore —  The...

17 months jail for maid who shot and shared TIkTok video of herself bathing old man

Singapore – A domestic worker in Singapore was sentenced to 17 months' jail on Thursday (Jan 27) after she...

Family of otters no match for lone monitor lizards’ powerful tail whacking as they try to steal a fish

Singapore – A glimpse of nature at work was caught on camera as a family of otters tried to...
Follow us on Social Media

Send in your scoops to news@theindependent.sg