Symphony Raises $165M in Funding

symphonySymphony Communication Services, LLC, a Palo Alto, CA-based secure team collaboration platform, raised $165m in new funding.

Standard Chartered and MUFG Innovation Partners Co., Ltd., along with a group of existing and other investors, participated in the round which brings total capital raised to date to over $460m from financial services firms, global venture capital funds, and technology companies.

The company will use the new capital to:
– evolve its new Market Solutions business,
– accelerate growth in both its current and new markets, and
– further build out its feature stack to deliver a new wave of innovation to enterprises as they replace traditional collaboration tools.

Founded in October 2014 and led by David Gurlé, CEO, Symphony offers a secure team collaboration platform for users to communicate with a single workflow application while meeting complex data security and regulatory compliance needs.
The company, who has offices in Hong Kong, London, New York, Paris, Singapore, Sophia-Antipolis, Stockholm and Tokyo, recently surpassed 430,000 licensed users from over 60 countries.
Symphony Market Solutions is a new business recently introduced to allow customers to speed up their digital transformation initiatives via workflow automation along with a suite of standardized, licensable software solutions.



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