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# Synatic plots US expansion with $2.5 million seed extension round
- URL: https://www.techloy.com/synatic-closes-2-5m-seed-extension-round/
- Published: 2022-12-01T08:53:10.000Z
- Updated: 2022-12-01T08:53:10.000Z
- Author: Acquah Nana Yeboah
- Tags: Big Data & Analytics, Tech in South Africa

[Synatic](https://www.synatic.com/), a South African data integration and automation startup has secured an additional $2.5 million in a seed extension round led by Allan Gray E-Squared Ventures and UW Ventures, to expand to the United States.

- Launched in 2017, Synatic has developed a low-code data automation platform that enables enterprises to iterate quickly and provides rapid time to value for businesses needing to accelerate innovation leveraging multiple complex data systems.
- Last year, when it first announced its seed round, the company said it has over 40 enterprise customers across Africa, Australia and the United States (US), with a focus on financial services companies, including Tokio Marine, Community Bank and EasyEquities
- Synatic provides a complete solution for the $19 billion data integration market, offering a low-code/no-coder/your-code solution to simplify the integration of internal and external data sources.
- The company has already developed automated data integration solutions for insurance and wealth management market leaders and is empowering Salesforce customers.
- Synatic now offers pre built connectors to commonly used data sources such as AWS, Google Cloud, Sage, HubSpot, and other data sources.
- The additional seed funding will be used to increase Synatic’s market footprint in the United States, including direct sales and expanding reseller and OEM partnerships, the company said in a statement.