Tetrix, a NYC-based company providing an AI-powered analysis platform for capital allocators, raised $5M in Seed funding.
The round was led by Innovation Endeavors with participation from prominent angels from Blackrock, CPPIB, SoftBank, Lending Club, and Plaid.
The company intends to use the funds to support expansion of proprietary data collection, extraction, and analysis platform.
Led by CEO Olivier Babin and Naunidh Singh Bhalla, Tetrix empowers investors with AI-driven insights, enabling more intelligent decisions in alternative investing markets. Its platform automates data collection from fund reports, transforms investment operations by extracting key financial and qualitative information, and provides clear, actionable investment analytics and insights.
Commenting on the news, Olivier Babin said: “The investment landscape has shifted from public markets to private markets, which have quadrupled in assets in the past decade, and the technology infrastructure that investors need hasn’t kept up. Tetrix leverages the latest developments in AI to reduce time to actionable investment data from 45 days to 1 day, save capital allocators 4,000+ hours annually in human labor, and provide them 10x deeper insights on their alternative investment portfolio.”
FinSMEs
26/09/2024