We were able to find nearly all of the requested information about Cyndx. All of our research findings are included in the attached spreadsheet.
- Cyndx is a fintech company powered by artificial intelligence.
- The overarching goal of the Cyndx platform is to simplify the discovery of "business opportunities that would otherwise be missed."
- The solutions offered by Cyndx are cloud-based.
- With Cyndx's solutions, companies can "access comprehensive, algorithmically-curated investor information and strategic recommendations to enhance their capital raising and M&A efforts."
- Cyndx's clients include venture capital firms, investment banks, startups, family offices, and private equity firms. Some of those financial institutions are world-renowned.
- Cyndx was recently described in an article published by PR Newswire as "the world's most comprehensive investment search platform."
- The Cyndx platform runs on algorithms involving natural language processing, deep learning, and artificial intelligence.
- The resulting solutions make it easier and more efficient for companies to identify acquisition opportunities, find investments, or even manage capitalization tables.
- Cyndx was established in October 2013 by Jim McVeigh.
- The company was presumably founded in New York, New York, per its profile on Built In NYC and listings of its headquarters location as New York, New York.
- To date, approximately $1 billion worth of transactions have been facilitated by Cyndx.
- On June 12, 2018, Cyndx announced that it received an investment from Rakuten Capital, though the amount was not disclosed.
- On September 16, 2019, a press release was issued announcing a partnership between Cyndx and Argyle Group.
- Through the partnership, Argyle members get to access the Cyndx platform for a reduced price and they also have an option "to receive Cyndx Insights — a daily window to the business world, focusing primarily on M&A activities, capital markets, and important technology trends. "
- The partnership helps both Cyndx and Argyle by enabling the companies to increase the reach of their offerings and bolster their strengths as organizations.
- We didn't find any information about when Cyndx's first product was launched. Also, there doesn't appear to have been any change in Cyndx's senior leadership team.
- Though we didn't find any completed acquisitions involving Cyndx, we did find that Cyndx was extremely close to acquiring a company called Ning back in 2016.
- Cyndx Finder is the artificial-intelligence-powered product that enables users to search for and identify private companies worldwide.
- Through its database of more than 7.8 million entities, users can identify opportunities for acquisitions and investments.
- Cyndx Raiser is the product that enables users to find suitable strategic and financial investors for their needs.
- In a matter of seconds, "millions of transactions" are analyzed by Cyndx Raiser in order to identify suitable investors.
- Cyndx Owner is the product that helps company leaders manage capitalization tables for their companies or their portfolio companies.
- With Cyndx Owner, users can "be prepared to assess funding term sheets in seconds."
- Cyndx appears to have received over $10.5 million in funding.
- According to Crunchbase, the company has received $10.5 million in funding.
- However, we also found a press release from June 12, 2018, announcing that Cyndx received an investment from Rakuten Capital, though the amount was not disclosed.
- That June 2018 investment was not included in the $10.5 million reported by Crunchbase because the latest funding round reported by Crunchbase occurred in 2017.
- For these reasons, we believe Cyndx has received over $10.5 million in funding to date.
- According to Cyndx's CEO, Jim McVeigh, twice the number of private companies are tracked by Cyndx compared to other platforms.
- The number of transactions that the Cyndx platform analyzes is 1.4 million.
- The number of companies that can be searched through the Cyndx platform exceeds 7.8 million.
- Cyndx claims that through its platform, users gain access to its network of nearly "three million contacts."
- The company claims that its Cyndx Raiser product "analyzes millions of transactions to identify the precise targets in seconds."
- Cyndx also claims that the number of family offices targeted through Cyndx Raiser totals 4,000 and the number of global investors targeted exceeds 150,000.
- Cyndx Raiser is able to "[m]ap investor verticals across 300,000 concepts."
- The company claims that its Cyndx Owner product enables users "to assess funding term sheets in seconds."
- Three individuals comprise Cyndx's leadership team.
- Jim McVeigh is the CEO of Cyndx.
- Elise McVeigh is the Chief Administrative Officer of Cyndx.
- Mike Ballou is the Chief Financial Officer of Cyndx.
We began our research by reviewing Cyndx's website in order to learn about the company and its products. Through that site, we were able to find the requested information about the company's products, claims, and its leadership team. Throughout our research, we didn't find any information pertaining to a change in senior leadership within the company. After compiling that information from the website, we then turned to the company-database source Crunchbase, which provided us with data about funding Cyndx has received. The information we found about the company's history came primarily through articles in which the company was featured. Those articles were published by two sources with similar names: PR Newswire and Newswire. The information that we collected through this research process provided us with nearly all of the requested data about Cyndx.
The only data point we didn't find any information about was when Cyndx launched its first product. We looked for that information by using three research methods. First, we reviewed articles that discussed the company's history published by sources such as PR Newswire. The only related information we found in those articles was the date the company was founded. Second, we reviewed company database sites to try to find that information. The sites we reviewed included Bloomberg and Crunchbase. In those sources too, the only information we found was the date the company was founded. For our third research method, we reviewed the information provided on Cyndx's website, including the "About" section, to see if there was any mention of when the first product was launched. However, we didn't find any relevant information through the website either.