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 a secure communication environment.

Company Stage

Series E

Employees

501-1,000

Industries

Enterprise Software, Financial Services

Total Funding

$497.1M

Headquarters

New York City, New York

Founded

2014


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Simplify's Take

What believers are saying

  • AI-powered voice analytics enhance real-time decision-making and compliance monitoring.
  • Partnership with Appian increases market share in regulated industries.
  • Collaboration with Google Cloud improves product offerings in voice analytics.

What critics are saying

  • Competition from platforms like Slack and Microsoft Teams is increasing.
  • Over-reliance on partnerships poses risks if they dissolve or face challenges.
  • Rapid AI development could lead to regulatory challenges in financial services.

What makes Symphony unique

  • Symphony offers secure, encrypted communication tailored for the financial sector.
  • The platform integrates custom bots and apps for workflow automation.
  • Symphony's compliance and security features meet strict regulatory standards.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%

Benefits

Regional specific competitive benefits

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