AI analytics platform FinTech Studios raises $5.1m
FinTech Studios, the artificial intelligence (AI)-based intelligent search and analytics platform, has raised $5.1 million to develop its technology and hire more staff, reports Jane Connolly.
The investors included LightChain LLC, Cultivation Capital, KEC Ventures – which led FinTech Studios’ initial seed round in 2017 – and SixThirty.
The company aids decision making on Wall Street using AI
Founded by Multex co-founder Jim Tousignant, the company aids decision making on Wall Street by using AI, machine learning and natural language processing to scour unstructured data from millions of online sources.
The platform can search and analyse data in 34 languages, using sources ranging from global and regional news to regulatory laws and rules, government data and financial market information.
“This investment allows us to extend our leading AI-based market and regulatory intelligence platform, accelerate our revenues and expand our sales, product and engineering teams,” says Jim Tousignant.
Atul Kamra, managing partner of SixThirty, says the FinTech Studios team has “an astute understanding of the habits, flow of work and channel preferences of research and risk management professionals in financial services.”
He adds: “FinTech Studios’ flagship offering, Apollo, brings together the team’s deep domain knowledge and elegant design in a cloud native setting, to dramatically improve the cost and quality of the intelligent search and research experience.”
The latest investment brings the total raised by FinTech Studios to more than $7 million.
