Cinchy, a pioneer of Dataware technology, announced a $14.5 million Series B financing round led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join Cinchy’s Board of Directors, while Reynaldo Kirton comes on board as an advisor.
The investment allows Cinchy to capitalize on the surge in global demand for data fabric and data mesh solutions that help free the enterprise from unruly application ecosystems and regain greater control of its data. Cinchy, 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.
“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. “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.”
With Cinchy, businesses in every demographic can begin to eliminate their dependence on costly, time-consuming integrations and can establish fully autonomous data networks. Free from encumbrances and centrally accessible, Dataware delivers enhanced business intelligence and fosters faster time to market for business solutions.
For more information, visit cinchy.tv