Certification comes amid rapid growth for Cyndx, as it continues to expand its search and discovery platform for sourcing better opportunities in M&A, PE/VC finance, and capital raising
Cyndx, the AI-enabled search and discovery platform for private market participants, has announced the successful completion of its Service Organization Control (SOC) 2 Type 1 Certification. A widely recognized auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance confirms Cyndx’s controls and processes meet AICPA Trust Service Criteria, verified through an in-depth independent audit as they relate to security, availability, and confidentiality of Cyndx’s platform and products.
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The SOC 2 Type I audit, conducted by Armanino LLP, provides a thorough review of how Cyndx’s internal controls affect the security, availability, and processing integrity of the systems it uses to process users’ data, and the confidentiality and privacy of the information processed by these systems. This independent validation of security controls is crucial for customers in highly regulated industries.
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“Obtaining the SOC 2 Type I certification reinforces Cyndx’s ongoing commitment to the security, availability, and processing integrity of our platform”, noted James McVeigh, Founder and CEO of Cyndx. “Our customers can feel confident that we are making every investment to establish and maintain the highest level of security and compliance.”
Cyndx was founded to improve the efficiency and connectivity of private market participants who are looking to source business investments, advise on a merger or acquisition, or raise capital. Through its automated, AI-driven platform, Cyndx provides unparalleled access to data on more than 15 million global private companies. Cyndx is used by venture capital and private equity firms, investment banks, and companies.
A copy of Cyndx’s SOC 2 audit certification is available to clients and prospective clients on demand.
