Symphony goes global to the tune of $165m funding
Symphony communication services, a team collaboration platform, has raised $165 million in new capital.
Standard Chartered and MUFG Innovation Partners, along with a group of existing and other investors, participated in the round.
This brings Symphony’s total capital raised to date to over $460 million.
“This investment establishes an unprecedented coalition of east and west, north to south and unites fragmented communication infrastructure into a mission-critical secure and compliant collaboration platform,” says David Gurlé, founder and CEO of Symphony.
“Digital transformation is central to Mitsubishi UFJ Financial Group’s future business, and collaboration with Fintech companies is a crucial part of that process. Forming agile partnerships with exciting and innovative companies like Symphony helps us remain a partner of choice in a changing world,” says Nobutake Suzuki, president and CEO at MUFG Innovation Partners.
The platform has surpassed 430,000 licensed users from over 60 countries, making the Symphony community the largest global financial digital network to date, and is developing more than 1,000 bots and apps on the Symphony platform by its community of customers and partners, validating the power its platform and increased demand for automated workflows across the industry.