CincyTech announced the closing of a $1.5 million Series Seed investment in TeamCentral, a Cincinnati-based provider of low/no-code data integration platform. CincyTech led the financing with participation from TC investment partners. The company originated from an innovation program at Centric Consulting, an international management consulting firm headquartered in Columbus, OH.
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“Our customers tell us their operations can scale while becoming leaner, which is a huge benefit when tech resources are scarce.”
Today’s data-centric world competitive environment requires the deployment and integration of cloud-based applications. Traditional integration methods for these applications are IT-resource intensive on an ongoing basis. While all companies are seeking solutions to simplify integration and connect processes across systems, mid-market companies with limited IT budgets and resources are especially challenged to keep pace.
TeamCentral provides a low-code software platform that enables connections between applications to be made more quickly by IT professionals, often with less experience. Users are guided by virtual assistants to complete integrations, enabling some tasks to be completed by employees without formal IT training.
“Our product enables companies to achieve competitive growth without adding the IT expenses traditionally associated with business expansion,” said Marc Johnson, co-founder of TeamCentral. “Our customers tell us their operations can scale while becoming leaner, which is a huge benefit when tech resources are scarce.”
Johnson’s idea for TeamCentral stemmed from a program designed to encourage innovation at his employer, Centric Consulting, an international management consulting firm. After it was successfully piloted internally at Centric, Johnson launched TeamCentral. Since 2020, the Central intelligent automation platform has been implemented at a number of companies looking for low code integration alternatives. Central now processes millions of transactions a week, and the number of installs continues to grow.
“This initial institutional funding will help expand our product to reduce the time it takes for our customers and partners to deploy automation, learn from their data, become more scalable, and thus profitable,” said Andy Park, former Centric Consulting Partner and co-founder of TeamCentral.
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CincyTech CEO Mike Venerable said the Central platform solves a critical need: using data to help businesses achieve a competitive advantage.
“Our shared dependency on software systems to run everything from global manufacturers to public schools is obvious.” Venerable said. “No business can run on one system, creating the need for integration of systems and data inside the walls as well as external partners’ systems. Central is designed to simplify integration of systems and workflows, reducing workload for business and technical resources.”
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