Polytomic’s Product and Early Growth
Polytomic is a tech startup that has developed and launched an application built to sync all internal data to business systems. Most companies use a variety of different business systems for advertising, sales, logistics, and other departments. Each system collects internal data that can be used to improve individual departments over time. The startup’s application simply syncs that data to every single business system used, so every department has easy access to all available information. This can greatly improve performance across the board and provide necessary data to departments that would otherwise need to search for it or contact someone else in order to find it.
The startup’s product offers several features, including a universal data model to make it easier to understand and see vital information, a fully supported system, and the option to either store data internally or on a cloud to ensure privacy and security.
While Polytomic is still relatively new, the startup has already proven to be popular with several companies using the service including names such as Brex, Vanta, Sourcegraph, and ShipBob, among others.
Polytomic’s Seed Funding Round and Future Plans
In Polytomic’s seed funding round, the company raised $2.4 million. The funding round was led by Caffeinated Capital with participation from Bow Capital, Tracy Young, Ralph Gootee, and several other individual investors. The company’s first plans will certainly be to begin hiring employees as the startup only consists of the CEO Ghalib Suleiman and CTO Nathan Yergler. Beyond that, money will most likely be used in order to expand the business into more companies and improve upon the product as time goes on.
When commenting on the value of the product that was developed, CEO of Polytomic, Ghalib Suleiman, said, “We sync internal data to business systems. You can imagine your sales team living in Salesforce and would like to see who’s using your product from your customer data that lives in other internal databases. We have a no-code web app that moves internal data to the business systems of the office.”
With this newest funding and the already growing list of businesses using the product, Polytomic looks set to see further expansion over the course of 2021.
About the Author
Tom Price is a writer focusing on Entertainment and Sports Features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.