Synergies offers an augmented analytics platform that uses machine learning to analyze operational data and recommend actions to improve supply chain, yield, and production capacity. Its software makes practical suggestions — for example, how much supply to procure or how to retool a product line to maximize capacity at lower cost — and continually refines models as new data comes in. The company targets price-sensitive mid-sized factories that lack the resources to build full data platforms, positioning its product as an easy-to-use, lower-overhead alternative. Synergies was mostly bootstrapped early on but has recently taken venture funding to accelerate hiring, market expansion, and product development. It serves nearly 100 customers (about 80% in Greater China), including mid-sized factories run by Foxconn and Fuyao, and employs roughly 70 people across Shanghai, Taipei, Guangzhou, Singapore, and Boston. The firm also notes preliminary projects with Nokia around industrial 5G, though no large-scale partnership has been established.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

May 2022