Kyber Data Science, a subsidiary of New York based Cowen Inc. (NASDAQ:COWN), raised $10m in Series A financing.
The round was led by Cowen and Ian McKinnon, founder of Sandia Holdings LLC. In conjunction with the funding, Mr. McKinnon has joined Kyber’s board of directors, effective upon closing of the investment.
Led by Jeffrey M. Solomon, Chair and Chief Executive Officer, Kyber is focused on developing and selling proprietary datasets across a variety of sectors to institutional investors and corporations.
Most recently, the company launched a nationally-representative health care claims and electronic medical records data product for the institutional investor that enables analyses across health care subsectors including drug, medical device, diagnostics, and facilities companies. Transaction-level data allow customers to develop a large number of key performance indicators, and drive granular insights into the intricacies of product revenue and disease dynamics. Founded in 1918, Cowen is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. It has offices worldwide.
FinSMEs
03/08/2020