Symphony

Symphony

Secure communication and collaboration platform

About Symphony

Simplify's Rating
Why Symphony is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Enterprise Software

Financial Services

Company Size

501-1,000

Company Stage

Series E

Total Funding

$511M

Headquarters

New York City, New York

Founded

2014

Overview

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 secure environment for sensitive information. The company's goal is to help businesses innovate and streamline their workflows through automation and secure communication.

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Simplify's Take

What believers are saying

  • Rising demand for secure communication platforms boosts Symphony's market potential.
  • AI integration in Symphony's services enhances operational efficiency and compliance.
  • Partnerships with major tech companies expand Symphony's technological capabilities.

What critics are saying

  • Emerging competitors like Mattermost and Rocket.Chat challenge Symphony's market position.
  • Potential vulnerabilities in AI-powered analytics pose security risks to Symphony's platform.
  • Increased regulatory scrutiny on AI tools may impact Symphony's operations.

What makes Symphony unique

  • Symphony offers secure, compliant communication tailored for the financial sector.
  • The platform integrates AI-powered voice analytics for enhanced compliance and efficiency.
  • Symphony's partnerships with tech giants like Google Cloud enhance its service offerings.

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Funding

Total Funding

$511M

Above

Industry Average

Funded Over

4 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Regional specific competitive benefits

Build your own Benefits (BYOB) perk

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
Securities.io
Apr 14th, 2025
The Compliance Crisis Putting Billions At Risk For Organizations

Monitoring employee communications can feel like a losing battle. Why? Compliance teams at financial services firms (FSF) cannot keep up with instant messaging apps, such as WhatsApp, iMessage, and Slack, which are taking center stage. This leaves them incapable of overseeing all company communications.The spike in use of these platforms is a substantial challenge for compliance teams – leaving significant gaps in their record-keeping. Unfortunately, compliance professionals will likely have to keep adjusting their monitoring efforts every year to fit newer and nicher communications platforms.As they adjust to this new monitoring norm and come to terms with the reality – that traditional modes of communication are declining – firms owe it to themselves to step up to the plate and enhance their overall compliance efforts. Otherwise, they could fall victim to reputational damage, regulatory violations and hefty fines from regulators such as the SEC.The number of institutions subjected to these record-keeping fines in recent years has skyrocketed – with FSF’s such as JPMorgan being fined $125 million by the SEC for failing to maintain electronic records. This highly publicized example has led to regulators doubling down on non-compliance

FF News
Feb 5th, 2025
Broadridge Enhances Nyfix Matching Solution With Symphony Messaging

To streamline communication between asset managers and their executing brokers, Broadridge Financial Solutions Inc. (NYSE: BR), a global Fintech leader, today announced a partnership with Symphony, the communication and markets technology company, to integrate messaging technology into the NYFIX Matching platform. This latest innovation empowers asset managers to communicate directly with brokers via Symphony’s secure messaging platform, enabling compliance, transparency and streamlined resolution of post-trade discrepancies.“By integrating Symphony’s messaging functionality, we are enabling clients to resolve post-trade inaccuracies faster and with greater ease, ultimately enhancing operational efficiency,” said Georger Rosenberger, Head of NYFIX, Broadridge Trading and Connectivity Solutions. “This is the latest example of simplifying the client experience with innovative solutions to meet their evolving needs and help them better operate, innovate and grow.”As the first post-trade matching tool in the industry to offer integrated messaging capabilities, NYFIX Matching addresses a critical gap in the market. The introduction of messaging functionality responds directly to client feedback, who expressed a desire for faster and more direct communication with brokers. This functionality is now available for NYFIX customers.“As the financial industry advances towards workflow digitization, it has become increasingly reliant on modern, secure, and interoperable collaboration tools to mitigate risks and increase efficiencies,” said Brad Levy, CEO of Symphony

PR Newswire
Feb 4th, 2025
Broadridge Enhances Nyfix Matching Solution With Symphony Messaging

NYFIX Matching is the first post-trade matching tool with messaging functionality, enablingcompliance, greater transparency and streamlined resolution of post-trade discrepanciesNEW YORK, Feb. 4, 2025 /PRNewswire/ -- To streamline communication between asset managers and their executing brokers, Broadridge Financial Solutions Inc. (NYSE: BR), a global Fintech leader, today announced a partnership with Symphony, the communication and markets technology company, to integrate messaging technology into the NYFIX Matching platform. This latest innovation empowers asset managers to communicate directly with brokers via Symphony's secure messaging platform, enabling compliance, transparency and streamlined resolution of post-trade discrepancies."By integrating Symphony's messaging functionality, we are enabling clients to resolve post-trade inaccuracies faster and with greater ease, ultimately enhancing operational efficiency," said Georger Rosenberger, Head of NYFIX, Broadridge Trading and Connectivity Solutions. "This is the latest example of simplifying the client experience with innovative solutions to meet their evolving needs and help them better operate, innovate and grow."As the first post-trade matching tool in the industry to offer integrated messaging capabilities, NYFIX Matching addresses a critical gap in the market. The introduction of messaging functionality responds directly to client feedback, who expressed a desire for faster and more direct communication with brokers

WatersTechnology
Apr 25th, 2024
Symphony boosts Cloud9 voice offerings with AI

Financial messaging and collaboration platform Symphony unveiled new AI-powered tools in the Cloud9 Trader platform last week at its annual Innovate conference in New York, building on its suite of offerings in messaging, trader voice, directory, and identity solutions.

Finextra
Feb 29th, 2024
Appian and Symphony team up for audited communications on non-compliant messaging platforms

Appian (Nasdaq: APPN) has partnered with Symphony, the leading markets' infrastructure and technology platform, to help banks and financial services firms communicate, collaborate, and automate compliantly in a highly competitive and regulated market.

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