Synyi Funding, Investors & Competitors

Synyi has raised $159M across 6 funding rounds, most recently a $77M Series E in July 2021.

See full Synyi profile

Last Synyi funding round

$77M

Series E · Jul 2021

Cumulative funding Synyi raised

$159M

across 6 funding rounds

Key investors in Synyi

  • HSG
  • ZhenFund
  • Jaggie (Chen) Zhu
  • IDG Capital
  • Tencent
  • GGV Capital
  • Xianghe Capital
  • Sinopharm Capital

Synyi Overview

About Synyi

Synyi is a Beijing-based AI healthcare firm assembling experts in medicine and informatics. Its platform applies machine learning to diagnostic imaging and patient data analysis, contributing to national projects in China. The team has authored over 20 papers in journals like Nature Medicine and presented at RSNA conferences, focusing on radiology AI tools.


Founded

2016

HQ

ChinaShanghai

Website

synyi.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Synyi Funding History

Synyi has raised a total of $159M across 6 funding rounds.

Synyi's first fundraising round was a $2M seed round in March 2016. The most recent completed round was a $77M Series E in July 2021.

Synyi funding rounds

Synyi funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2021Series EIDG Capital (lead); Beijing Zhongguancun Longmen investment; Sharewin Investment$77MSynyi (also referred to as Synyi AI or Shanghai Synyi Medical Technology) is a Tencent-based health tech startup specializing in healthcare AI solutions, particularly for large hospitals, positioning itself as a leading provider in medical imaging and AI diagnostics. The company has raised a total of $214.63M across 9 funding rounds, with investors including IDG Capital among its 20 backers. The specific Series E round on approximately July 9, 2021, matches the query's investors (Beijing Zhongguancun Longmen Investment, IDG Capital, Sharewin Investment) and lead IDG Capital. A prior Series D in December 2020 and Series C in July 2019 at $181.62M valuation are noted, with later rounds including Series E-II in August 2022 and Series F in July 2024. A separate Series D raised 400 million yuan ($61M) with investors like Alibaba and Contemporary, distinct from the queried Series E. Market context positions Synyi as a key player in China's health tech landscape, with a 2024 HKEX filing claiming it as the fourth largest global healthcare AI provider for large hospitals by revenue. The company continued fundraising post-2021, indicating ongoing growth in the competitive healthcare AI sector.
Jul 2019Series CTencent (lead); Sinopharm Capital$36MSynyi AI, founded in 2016 and based in Shanghai, develops AI solutions for healthcare, specializing in natural language processing for Chinese medical data, smart analytics platforms, and hospital informatics to address data silos, support clinical diagnosis, scientific research, and hospital management. The company provides AI-equipped software used by over 150 hospitals in China to improve operational efficiency for healthcare providers and clinical researchers. In July 2019, Synyi AI raised CNY 250 million (approximately USD 36 million to 36.4 million) in its Series C funding round led by Tencent, with participation from Sinopharm Capital. The funds were intended to accelerate development of AI + healthcare integrated solutions, explore the smart healthcare sector, recruit medical and AI talent, and maintain market leadership in China. Prior to Series C, Synyi completed earlier rounds including RMB 55 million Series A in 2017 led by Sequoia Capital China, RMB 100 million Series B in May 2018 led by GGV Capital with ZhenFund and Sequoia China, bringing total funding to over CNY 550 million by mid-2019. Subsequent rounds included Series D in December 2020 (CNY 400 million led by CICC Alpha with Tencent and Sunshine Insurance) and Series E (RMB 500 million led by IDG Capital). Traction highlights include serving more than 30 hospitals by July 2019, expanding to 150+ by later rounds, with strengths in data governance, machine learning modeling, and partnerships like Huawei in 2019 for big data centers.
Nov 2018Series BXianghe Capital (lead)$20M-
May 2018Series BGGV Capital (lead); ZhenFund; HSG$16MSynyi is a Shanghai-based medical AI startup founded in 2016 that develops natural language processing (NLP) tools for extracting data from medical texts to support smart medical systems and hospital informatics platforms. The company focuses on solving data silos in healthcare by combining AI with health IT for analytics, scientific research, and smart hospitals. In May 2018, Synyi raised RMB100 million ($15.8 million) in Series B funding led by GGV Capital, with participation from ZhenFund and Sequoia Capital China. The funds supported further development of its NLP platform, machine learning, and data governance technology. Previously, Synyi secured an $8 million Series A in March 2017 from China Electronics Health Fund and Sequoia, and seed funding in 2016 from Shulan Health, ZhenFund, and ChinaRock Capital. Synyi continued growth with a $36.3 million Series C in 2020 led by Tencent and Sinopharm Capital to expand in smart healthcare and hire talent.
Apr 2017Series AZhenFund; CEC Data Capital; Shulan Junjie Capital; Jaggie (Chen) Zhu; HSG$8M-
Mar 2016SeedShulan Health; Jaggie (Chen) Zhu$2M-

Who has invested in Synyi?

13 investors have backed Synyi across its funding rounds, including HSG, ZhenFund, Jaggie (Chen) Zhu, IDG Capital, Tencent and GGV Capital.

Lead investors include IDG Capital, Tencent, Xianghe Capital and GGV Capital.


Synyi Investors

Investors in Synyi by funding rounds participated
InvestorHQRoundsRoleFirst check
ZhenFundChinaBeijing2ParticipantApr 2017
Jaggie (Chen) ZhuUnited StatesSan Francisco, CA2ParticipantMar 2016
HSGHong KongHong Kong2ParticipantApr 2017
Shulan HealthChinaHangzhou1ParticipantMar 2016
Sinopharm CapitalChinaShanghai1ParticipantJul 2019
Xianghe CapitalChinaBeijing1LeadNov 2018
IDG CapitalChinaBeijing1LeadJul 2021
Beijing Zhongguancun Longmen investmentChinaBeijing1ParticipantJul 2021
CEC Data CapitalChinaBeijing1ParticipantApr 2017
TencentChinaShenzhen1LeadJul 2019
Shulan Junjie CapitalChinaHangzhou1ParticipantApr 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Synyi Competitors

Synyi competitors include listed companies like IQVIA, IDEXX Laboratories and GE HealthCare, and private ones like Commure, Abridge and EliseAI.

Public and private companies comparable to Synyi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x
AbridgeUnited StatesPittsburgh, PAPrivate$117M-$5.3B45.3x
EliseAIUnited StatesNew York City, NYPrivate$100M-$2.2B22.0x
IQVIAUnited StatesUnited StatesPublicly listed$16B$3.4B$44B3.4x
IDEXX LaboratoriesUnited StatesUnited StatesPublicly listed$4.3B$1.5B$40B8.9x
GE HealthCareUnited StatesUnited StatesPublicly listed$21B$3.7B$29B1.8x

Synyi Public Comps

Synyi is still privately-owned, but its public comps include Roche, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's and Nebius Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roche$77B$26B5.0x4.9x14.6x12.4x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about Synyi

When was Synyi founded?Synyi was founded in 2016.
Where is Synyi headquartered?Synyi is headquartered in Shanghai, China.
Is Synyi publicly listed?No, Synyi is a private, VC-backed company.
How much funding has Synyi raised?Synyi has raised $159M across 6 funding rounds.
What was Synyi's last funding round?Synyi's last funding round was a $77M Series E in July 2021, led by IDG Capital.
Who are Synyi's investors?Synyi's investors include ZhenFund, Jaggie (Chen) Zhu, HSG, Shulan Health, Sinopharm Capital, Xianghe Capital, IDG Capital, Beijing Zhongguancun Longmen investment, CEC Data Capital, Tencent and 3 others.
Which companies are comparable to Synyi?Companies comparable to Synyi include Commure, Abridge, EliseAI, IQVIA, IDEXX Laboratories and GE HealthCare.

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