Symphony, a messaging platform for Wall Street firms, has been valued at $1.4 billion, according to people with knowledge of the company. The start-up will soon announce that it raised $165 million from investors to fuel its global expansion, according to the people.
Symphony’s latest valuation is a relatively modest increase from two years ago, when it was pegged at $1 billion in an earlier investing round. Since then, the Palo Alto-based start-up has more than doubled users to 430,000, exceeding the 325,000 clients of Bloomberg, a data, analytics and news company founded by billionaire Michael Bloomberg. [ CNBC ]