Synapsify, a text analytics company in Bethesda, has won a $145,000 investment through the Maryland Venture Fund, part of an $850,000 investment round.
Synapsify offers a new way for computers to understand and prioritize written content to provide greater insight and recommendations, according to a state news release. The company, founded in 2012, has nine employees.
The investment round also included ICG Ventures, Middleland Capital and local technology executives. The state money came through InvestMaryland, a public-private partnership with venture capital firms, that raised $84 million to spur growth in small, high-tech Maryland companies.
“Synapsify’s central mission is to capture, understand and prioritize the world’s written content,” CEO Stephen Candelmo said in the release. “Our investors are an integral part of our current and future success and their investment serves as further validation of our technology and market potential.”