When was Synota founded?

Synota was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Synota located?

Synota is headquartered in Columbus, United States.

Who is the current CEO of Synota?

Austin Mitchell of Synota. They have also founded 1 company.

How many employees does Synota have?

As of May 31, 2026, the latest employee count at Synota is 9.

Is Synota a funded company?

Synota is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 27, 2022.

When was the latest funding round of Synota?

Synota's latest funding was a $***** Seed round on Oct 27, 2022, with participation from 6 investors. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $1.33B in funding in 2026 to date.

Where does Synota rank among its competitors?

Synota ranks 11th amongst 97 active competitors, of which 12 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Tensorplex, which secured an undisclosed amount in Mar, 2025.

Who are the top competitors of Synota?

Synota's top competitors include Cipher Mining, Tensorplex and Hut 8 Mining. Among them, Tensorplex secured the most recent funding round in March, 2025.

Synota - 2026 Company Profile, Team, Funding & Competitors

Synota is a seed company based in Columbus (United States), founded in 2022 by Austin Mitchell, Alan Schroeder and Lisa Scott. It operates as a Decentralized software intended to provide bitcoin mining-related services. Synota has raised $3M in funding from ego death capital. The company has 97 active competitors, including 12 funded and 7 that have exited. Its top competitors include companies like Cipher Mining, Tensorplex and Hut 8 Mining.

Company Details

Decentralized software intended to provide bitcoin mining-related services. It offers peer-to-peer payments and instant settlement of those payments, helping the energy industry to integrate existing hardware and software products maximizing energy production heading in one direction and minimizing payment lags and cutting back-office costs.

Key Metrics

Founded Year

2022

Location

Columbus, United States

Stage

Seed

Total Funding

$3M in 1 round

Latest Funding Round

Seed, Oct 27, 2022, $*****

Investors

ego death capital & 6 more

Ranked

11^th among 97 active competitors

Employee Count

9 as on May 31, 2026

Similar Companies

Cipher Mining & 218 more

View Synota's full profile

Synota is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Synota Inc. CIN: 920273745 , United States, Active		-	-	-

Synota has raised a total funding of $3M over 1 round. Its latest funding round was a Seed round on Oct 27, 2022 for $*****. 6 investors participated in its latest round. Synota has 7 institutional investors.

Here is the list of recent funding rounds of Synota:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 27, 2022	2880317	Seed	1588279	2135412	5981452	2285100

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View details of Synota's funding rounds and investors

The founders of Synota are Austin Mitchell, Alan Schroeder and Lisa Scott. Austin Mitchell is the CEO of Synota.

Here are the details of Synota's key team members:

Austin Mitchell: Co-Founder & CEO of Synota.
Contact Info: 1 email address
Alan Schroeder: Co-Founder & COO of Synota.
Lisa Scott: Co-Founder & CAO of Synota.

View details of Synota's Founder profiles and Board Members

Synota's employee count trend

Synota has 9 employees as of May 26. Here is Synota's employee count trend over the years:

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Top competitors of Synota include Cipher Mining, Tensorplex and Hut 8 Mining. Here is the list of Top 10 competitors of Synota, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cipher Mining 2017, New York City (United States), Public	Mining infrastructure for cryptocurrencies and Bitcoin	-	SoftBank Group, West Coast Equity Partners	56/100
2nd	Tensorplex 2023, Delaware City (United States), Seed	Blockchain infrastructure platform for application development	$3M	Collab+Currency, Digital Currency Group & 4 others	54/100
3rd	Hut 8 Mining 2011, Toronto (Canada), Public	Digital asset mining and performance computing solutions for individuals	-	Fidelity Investments, Firstblocks & 7 others	51/100
4th	EMCD 2018, Hong Kong (China), Unfunded	Mining solutions for cryptocurrencies	-	-	50/100
5th	CryptoTab 2020, Estonia, Unfunded	App-based platform for mining cryptocurrencies	-	-	49/100
6th	BitNile 2017, Las Vegas (United States), Unfunded	Provider of crypto-based mining and investment solutions	-	-	47/100
7th	Satoshi Energy 2018, San Francisco (United States), Series A	Online mining solutions for cryptocurrency	$3.95M	HCM Capital, DG Daiwa Ventures	47/100
8th	Navier 2018, Chicago (United States), Seed	Cloud-based hardware mining platform for cryptocurrency	$1.82M	-	46/100
9th	Bitcore 2014, Atlanta (United States), Unfunded	Blockchain API for application development	-	-	43/100
10th	Mr Mint 2022, London (United Kingdom), Unfunded	Developments and integrations in the metaverse in the form of P2E game NFTs	-	-	40/100
11th	Synota 2022, Columbus (United States), Seed	Decentralized software intended to provide bitcoin mining-related services	$3M	Concentric, Trammell Venture Partners & 5 others	40/100