Cinchy Raises $14.5M in Series B Funding
- Cinchy, a Toronto, Canada-based dataware technology an data liberation company, raised $14.5M in Series B funding
- The round was led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join the company’s Board of Directors, while Reynaldo Kirton joined as an advisor
- The company intends to use the funds to expand operations and its business reach
- The company provides enables organizations to free data from their applications, databases, and spreadsheets and connect it within a network-based architecture that supports enterprise-wide data collaboration
- The company, which enables instant visibility into organizational data, offers an out-of-the-box solution that provides immediate time to value by turning abstract data concepts into actual live dataware deployments
- Companies including TD Bank, AIS, Ally Bank, and the YMCA use the platform
