# CryptoNumerics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cryptonumerics

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.cryptonumerics.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 13, 2019)
- Investors on record: 3

## About

CryptoNumerics Inc. harnesses advanced analytics to transform complex data into actionable insights for businesses, specializing in data science solutions that enhance decision-making processes.Founded in 2018 in Toronto, Canada, CryptoNumerics Inc. focuses on providing data science tools for enterprises. The company has executed 2 deals, with its latest funding round being an Add-on on August 27, 2020, raising USD 7.1 mn led by Snowflake Inc. The total amount raised by the company is USD 3.3 mn.CryptoNumerics develops and offers data science software that empowers organizations to effectively analyze their data. Their main services include advanced analytics platforms designed to uncover insights from large datasets, enabling clients in various sectors to optimize their strategies and improve operational efficiency. Target clients include businesses looking to leverage data analytics for better outcomes.CryptoNumerics generates revenue through direct sales of its data analytics software solutions and services. Its pricing structure is based on software licenses and subscription models tailored to the needs of specific clients, enhancing accessibility for both small-scale and larger enterprises. Partnerships with technology providers may augment their offerings, providing integrated solutions that enhance customer experience.The company plans to utilize the recent funding from its latest Add-on round to expand its product offerings, focusing on machine learning enhancements that are set to launch by the end of 2021. Additionally, CryptoNumerics is targeting expansion into the European market by 2023, aiming to establish a more significant presence in regions with rising demand for data analytics. The investment will support the development of new features and marketing efforts to reach potential clients in this new geographic region.

## Funding rounds

- Seed, Mar 13, 2019, $2.5M — Lux Capital, 11.2 Capital, Data Capital Management

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed
- 11.2 Capital (https://capitalatlas.ai/funds/11-2-capital) — Seed
- Data Capital Management — Seed