Daloopa, NYC-based AI-powered historical data provider, raised $18M in Series B funding.
The round was led by Touring Capital with participation from Morgan Stanley and existing investor, Nexus Venture Partners.
The company intends to use the funds to further innovate its proprietary algorithm and build product solutions that further improve the quality of data in the financial services industry, as well as accelerate its go-to-market strategy. In addition, the Daloopa intends to expand to new markets, especially in Europe and Asia.
Led by Daniel Chen (COO), Jeremy Huang (CTO), and Thomas Li (CEO), Daloopa has developed AI-driven technology to source, organize and distribute historical dataset globally. Its AI-first approach is helping buy-side and sell-side financial institutions globally – including hedge funds, private equity firms, mutual funds, corporates and investment banks – meet time-critical data discovery requirements during earnings and model building workflows to accelerate an analyst’s time to insight.
FinSMEs
07/05/2024