QuantCube Technology, a Paris, France-based real-time economic intelligence provider, raised a Series B funding round of undisclosed amount.
The round was led by Strategic Development Fund (SDF), with participation from Moody’s and Five Capital.
QuantCube Technology uses artificial intelligence and big data analytics to deliver macro-economic insights. The company operates an alternative data lakes in the world, processing more than 14 billion data end points. Sources encompass news, social media, satellite data, professional networks and consumer reviews, as well as international trade, shipping, real-estate, hospitality and telecoms data. Its Macroeconomic Intelligence Platform delivers macro nowcasting indices on variables including economic growth, inflation, employment and international trade for the G20 and emerging economies—providing insight on market turning points across asset classes from equities to fixed income, commodities and foreign exchange.
The company intends to use the funds to expand operations and its business reach. QuantCube will build on its existing presence by establishing new offices in Abu Dhabi focused on research and development, as well as offices in Tokyo and New York dedicated to sales and operations.
FinSMEs
20/12/2022