Market Overview

Sentieo Announces $19M Funding Round: 'A Major Player In The Financial Research Technology Industry'

Share:
Sentieo Announces $19M Funding Round: 'A Major Player In The Financial Research Technology Industry'

Financial research platform Sentieo combines both traditional and alternative data sets to appeal to an array of users. The platform increases efficiency for asset managers, investment banks and corporations, according to the company.

What Happened

Sentieo announced this week it closed a $19-million Series A funding round led by Centana Growth Partners and existing investors. The company launched in 2015 and now serves over 700 clients, with content from 40,000 global companies and 1,000 sell-side contributions, according to the press release. 

Why It’s Important

“Some of the best investors in the world rely on Sentieo’s software platform on a daily basis and we are thrilled to support the Sentieo team as they continue to focus on innovative product development and expansion of their impressive global customer base,” Tom Davis, principal at Centana Growth Partners, said in a statement.

Sentieo, comprised of several former Wall Street analysts, applies machine learning and language processing to provide intellectual financial insights.

Want to learn more about the industry and meet leaders of the hottest fintech startups in person? Be sure to grab your tickets to the BZ Summit in San Francisco Nov. 14.

What’s Next

The funding will not only provide monetary aid to the growing company, but Centana Growth Partners offers financial expertise as well.

“We have been continually impressed by the strength of Sentieo’s product and the quality of their team, as evidenced by the enthusiasm of their customers and the clear, strong value being delivered,” Centana's Eric Byunn said in a statement.

“We are incredibly excited to join them as they grow into a major player in the financial research technology industry, a market that is long overdue for the kind of innovation that Sentieo is providing.”

With the raised capital, Sentieo plans to expand globally& and further develop its product line.

Related Links:

Kabbage Extends Access Of Small Business Lending

How Do You Convince Financial Institutions To Trade Crypto? Inside Circle's Institutional Trading Business

Posted-In: Centana Growth Partners Funding investments SentieoFintech News Financing Events Best of Benzinga

 

Related Articles

View Comments and Join the Discussion!

The Daily Biotech Pulse: AbbVie's Leukemia Drug Trial Meets Endpoint, Denali Strikes Collaboration Deal

UBS: Apple Watch Demand Has Only Just Begun