Grid software startup DataSynapse has completed a Series D funding round, with an eye on breaking into new markets and geographies.
The mezzanine round was led by Goldman Sachs & Co. and included previous investors Bain Capital, Intel Capital, NeoCarta Ventures, New York City Investment Fund, Silicon Alley Venture Partners, Stonehenge Capital, and Wand Partners.
Unlike most American startups, which locate themselves in Silicon Valley, DataSynapse is based on Broadway, right in the heart of Manhattan. The company appears to be making the most of its Wall Street roots.
But, after raising a total of $26.3 million in its previous three rounds, DataSynapse has refused to disclose the value of the latest investment. Kelly Vizzini, the companys VP of marketing, did tell NDCF what the money will be used for.
Primarily, it will fuel expansion into EMEA and Asia/Pacific, she says, as well as helping the company launch into new vertical sectors. These include energy, utilities, and manufacturing, such as aerospace and the automotive industry. The money will also be used to develop partnerships.