Synnax develops an AI-driven credit intelligence platform that aggregates encrypted and public data to produce consensus, forward-looking credit ratings via a decentralized network of incentivized data scientists. The protocol uses state-of-the-art encryption so issuers can confidentially share data while models infer on encrypted inputs. Outputs from multiple independent models are aggregated to generate unbiased, consensus-based credit intelligence and frequent updates such as probabilities of default and predictive financial ratios. Synnax employs blockchain-enabled processes and a token-based participation model to ensure transparency, scalability, and incentives for contributors. The company positions its product to facilitate on-chain migration of the conventional private credit market and to address transparency, bias, and conflicts of interest in existing rating systems. The recent pre-seed funding will support continued product development and go-to-market efforts.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024