Market Overview

WorldQuant Invests In Data Scraping Software Developer Sequentum

WorldQuant Invests In Data Scraping Software Developer Sequentum

What Happened

WorldQuant Ventures announced Monday its investment in Sequentum, Inc. of an undisclosed amount.

Why It’s Important

The investment allows Sequentum to expand its development of software for web data extraction and web automation. Its advancement heightens competition for competing products from the likes of Datawatch Corporation (NASDAQ: DWCH) and Kofax Ltd (NASDAQ: KFX).

What’s Next

The three-year-old Sequentum will use the funding to accelerate the launch of new products, including a cloud version of its data extraction software, Content Grabber.

“We believe that Sequentum’s Content Grabber technology is best in class and separates Sequentum from its competitors,” Steve Lau, managing director of WorldQuant, said in a press release. “Our investment will drive the company’s growth as it reaches a critical inflection point in its development trajectory.”

The financing round is expected to close by the end of 2017.

WorldQuant is an investor in Benzinga.

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Posted-In: Sequentum Steve Lau WorldQuant VenturesNews Financing