Cyndx’s Projected to Raise Solution Delivers Over 86% Precision in Predicting the Next Private Companies to Raise Capital
Projected To Raise helps identify new business opportunities for private market investors with unrivaled accuracy and speed
Cyndx, the AI-enabled platform for discovering and connecting growth opportunities for private market participants, has revealed that its Projected to Raise (“P2R”) solution can deliver 86.1% precision for companies located in the US when predicting the next private companies to raise capital, according to a recent benchmarking study. Globally, the model was 76.9% precise. This proprietary algorithm delivers a more efficient way for investors and advisors to identify investment and acquisition opportunities that drive business growth.
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Projected to Raise was created to address the traditionally difficult and costly process of assessing when a company is likely to raise capital in light of the limited availability of private market data. It features a proprietary algorithmic model that evaluates large datasets to find private companies that may raise capital within the next six months and is designed to support deal discovery for investors by industry, sub-sector and region. It enhances Cyndx’s existing suite of products, which help private market participants identify business opportunities in days rather than months by combining innovative AI-technology with the most comprehensive database of private company information on the market.
“When it comes to investing – competitive advantage is everything,” noted Jim McVeigh, co-founder and CEO of Cyndx. “With over 13 million entities in our dataset combined with our industry leading search capabilities, our customers were able to identify private company investment opportunities they didn’t even know existed. Now with P2R capabilities, investors can identify and begin to engage with the best private investment opportunities that we believe will be raising capital within the next 6 months before anyone else. We do this by looking at the associations between companies, providing a broader and deeper overview of potentially relevant investments. It’s because of our ability to match company associations that we are able to more accurately predict how a company is likely to develop and when they may raise capital.”
P2R focuses on companies that have already raised at least one funding round. To leverage these predictions, users simply search a company or industry concept with the “projected to raise capital” filter on, and Cyndx returns an average of 100 to 200 relevant companies selected by the model. Further, it makes its selections across the entire landscape – from pre-seed, seed or series A and all the way up to IPO. The easy-to-use platform features up-to-date and accurate data on more than 13 million private companies, surfaced in a way which enables users to identify more meaningful and actionable insights.