Synapsify, Inc., a Bethesda, MD-based startup that qualitatively analyzes written content for insight and recommendations, raised $850k of additional funding.
Backers included Standup Capital and the Maryland Department of Business and Economic Development (DBED) through the Maryland Venture Fund.
The funds will be used for continued growth of its business and product development.
Founded in 2012 by Stephen Candelmo, CEO and Co-Founder, Synapsify provides organizations with a text analytics and search tool (which leverages patented and artificially intelligent software) to prioritize and understand their written content for business insight and recommendations.
The company has just launched its web-based virtual analyst product, Synapsify Core, to compliment its API product.
To date, Synapsify has raised approximately $1.5m.