Syndio, a leading analytics platform promoting workplace equity, has secured Series B investment to enhance its solutions for identifying and addressing pay disparities.

Information on the Target

Syndio is an innovative analytics platform dedicated to promoting fairness and equity in employment decision-making. The company leverages data science and artificial intelligence (AI) to provide enterprises with real-time analytics for identifying and addressing pay gaps. This capability empowers business leaders to make informed decisions that prioritize equity while also benefiting their organizations. Currently, Syndio's platform is utilized by companies employing over 2.3 million individuals across the United States, with notable clients including Salesforce, Adobe, Hyatt, Nordstrom, Slack, and Stitch Fix.

The company was co-founded by Maria Colacurcio, who brings 20 years of extensive experience in technology and business leadership to the role. Under her guidance, Syndio has developed its flagship product, PayEq, which is designed to identify, remediate, and monitor pay disparities within organizations. As Syndio continues to grow, it aims to enhance its services further, including providing analytics tools for equitable recruitment practices and greater transparency for employees regarding their compensation.

Industry Overview in the United States

The issue of pay disparities has gained significant attention in the United States, particularly through recent social movements such as Black Lives Matter and Me Too, which have highlighted the importance of equity across various employment practices. Des