Symphony

Symphony

Secure communication and collaboration platform

About

Symphony offers secure and encrypted communication and collaboration tools tailored for the financial sector. The platform enables teams to send messages, share files, automate trade flows, and hold real-time meetings while ensuring compliance with regulatory standards. Unlike its competitors, Symphony focuses specifically on the needs of financial institutions, providing a subscription-based service that includes features like custom bots and workflow automation. The company's goal is to help businesses innovate and streamline their operations while maintaining high security.

Company Stage

Series E

Employees

501-1,000

Industries

Enterprise Software, Financial Services

Total Funding

$497.1M

Headquarters

N/A

Founded

2014


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Simplify's Take

What believers are saying

  • Symphony's strategic partnerships with Google Cloud and Appian bolster its technological edge and market reach.
  • The introduction of AI-powered voice analytics and compliance tools can significantly enhance operational efficiency and regulatory adherence for clients.
  • Symphony's continuous innovation, such as the Cloud9 voice product, positions it as a leader in secure financial communication.

What critics are saying

  • The highly regulated financial sector requires Symphony to constantly update its compliance features, which can be resource-intensive.
  • Dependence on strategic partnerships, like those with Google Cloud and Appian, may pose risks if these alliances face challenges.

What makes Symphony unique

  • Symphony's focus on secure, encrypted communication tailored for the financial sector sets it apart from general communication platforms.
  • The integration of AI-powered tools and partnerships with industry leaders like Google Cloud and Appian enhances Symphony's capabilities in compliance and voice analytics.
  • Symphony's subscription-based model with premium features and custom solutions provides a flexible and scalable approach for financial institutions.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

-1%

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