Cinchy plans to use the funding to help meet demand for its data integration and management tools, which it calls dataware. The funding round was led by Forgepoint Capital, according to an Oct. 27 Cinchy news release.
“Our mission is to liberate and harness the power of data, giving it back to teams and organizations to accelerate digital transformation and growth,” Cinchy CEO and co-founder Dan DeMers said. “We’re thrilled to partner with the team at Forgepoint Capital, which uniquely appreciates the importance of data layer controls and the enablement of data autonomy. 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 [software as a service] applications.”
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