Data Analytics software platform, KlariVis secured $2.5 Million Funding

KlariVis, a Virginia based proprietary data analytics software platform developed by the bankers for bankers, has now secured $2.5 million in a seed funding round.

KlariVis is founded by Kim Snyder in 2020. It offers the banking sector with actionable data automatically. It gives insight into factors such as loan, deposit, and revenue growth, thus enabling community banks to make data-driven decisions across their entire enterprise.

KlariVis CEO and Founder, Kim Snyder, said, "We are grateful for this affirmation and backing of investors who share our vision to equip and empower community banks with actionable data to better engage with customers and more effectively compete in today’s digital environment. I am a banker at heart and am passionate about helping community banks. The overwhelming amount of interest and excitement we continue to receive from community banks demonstrates the dire need for KlariVis. We currently have more than 170 banks at various stages in our sales pipeline. This investment enables us to accelerate and scale our growth plan, helping more community banks get the right data in the right hands at the right time to make the right decisions for their organization."

The round was led by the prominent angel investors based out of the Virginia Region.

The company, as of now, has plans to use the new funds to accelerate growth.

James Frantz, the CEO of Graham White Manufacturing, invested in the KlariVis and will chair the company Board of Advisors team.

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