# Synchronous Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synchronous-technologies

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.synchronous.ai
- Total disclosed funding: $0.7M
- Latest round: Seed (Oct 7, 2019)
- Investors on record: 5

## About

Synchronous.ai is a domain service provider facilitating businesses in enhancing their online identity through premium domain offerings, specifically the synchronous.ai domain. The company supports various collaboration platforms and tools for modern business needs.Synchronous.ai specializes in domain sales, particularly the domain name synchronous.ai, which is tailored for businesses looking to improve their online presence. Founded by Jeff Lee, the company has not undergone any significant pivots in its operations. Headquartered in Singapore, Synchronous Technologies has raised a total of USD 0.72 mn in Seed funding as of October 7, 2019, from a group of investors including Acequia Capital and CP Ventures, valuing the company at USD 3.22 mn post-money.Synchronous.ai specializes in providing the premium domain name synchronous.ai, which is integral for businesses seeking to establish a strong online presence with a professional brand identity. Their offerings include complete ownership of the domain and provision of logo design source files, enabling clients to swiftly create their brand. The service is designed for various applications such as communication platforms, real-time collaboration tools, and team synchronization applications. The clientele largely consists of entrepreneurs, startups, and established businesses across North America, Europe, and Asia, marking Synchronous.ai as a notable entity in the global domain marketplace.Synchronous.ai's revenue model is primarily centered on domain sales and lease-to-own agreements, catering to B2B and direct consumer markets. Clients can either purchase the synchronous.ai domain outright or lease it with a monthly payment plan, ensuring immediate access. The company typically transfers domains within 48 hours to 7 days based on the registrar. For the year 2019, the firm reported revenue of USD 0 mn and an EBITDA of USD -233,843.90.In September 2019, Synchronous Technologies secured USD 721,759 in Seed funding, which will be strategically utilized to enhance product offerings and expand market reach. The funding, received from investors including CP Ventures and Acequia Capital, is aimed at launching new products designed for seamless collaboration in various business contexts. The company is also planning to target expansions into additional markets across Asia and Europe by 2021, leveraging its recent funding to support these initiatives.

## Funding rounds

- Seed, Oct 7, 2019, $0.7M — Plug and Play, Acequia Capital, Entrepreneur First, CP Ventures, GK-Plug and Play Indonesia

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- CP Ventures (https://capitalatlas.ai/funds/cp-ventures) — Seed
- GK-Plug and Play Indonesia — Seed