A Cincinnati software startup just landed fresh funding to fuel its next phase of growth.
On May 16, Enosix announced the completion of a $10 million capital raise, led by a Chicago-area investment firm MK Capital. It's the latest funding round for the firm, which most recently brought in $4.2 million in 2018.
Enosix originally created software that helped companies build applications on top of business software firm SAP's platform. Since then, it has grown to help SAP applications talk with customer relationship management products made by Salesforce, MuleSoft and ServiceNow.
Simply put: Enosix's technology offers real-time communication for clients' various business software. As a result, clients can experience better data accuracy, automation and business agility.
"Companies are tired of paying millions to systems integrators for bespoke integration solutions that offer only synchronous experience and require long-term maintenance. The ability to ‘have a two-way conversation’ with your legacy (enterprise resource planning) solutions is no longer a dream," Enosix CEO Nick Fera said in a news release.
The funding, according to the release, will "accelerate the development and expansion of its SAP integration platform, while expanding its support of Salesforce, MuleSoft, and ServiceNow clients."
The company is headquartered at Columbia Plaza in downtown Cincinnati.
A spokeswoman for Enosix declined to share its total headcount.
“Over the past 30 years we have performed detailed due diligence on hundreds of technology companies," Mark Koulogeorge, managing general partner of MK Capital, said in a release. “We have never had a company score higher on product quality and reliability than Enosix. The product’s high performance over millions of transactions differentiates Enosix from its competitors.”
