Brightwave, a NYC-based provider of an AI financial research platform, raised $15M in Series A funding.
The round was led by Decibel Partners with participation from OMERS Ventures.
The company intends to use the funds to accelerate its continued investments in engineering and commercial talent, strategic data partnerships, and the research and compute investments required to enhance the Brightwave knowledge graph and reasoning engine.
Led by CEO Mike Conover, Brightwave is an AI platform for financial services, delivering insightful financial research that enables finance professionals to make better decisions faster. At the core of the platform is a proprietary knowledge graph constructed from high-signal sources including SEC filings, earnings call transcripts, breaking news, and public internet content, that describes the structure of global markets in granular detail. The knowledge graph includes data on hundreds of factors such as supply chain relationships, M&A and governance changes as well as long-tail factors including expedited regulatory approvals, intellectual property litigation, cybersecurity events, and more. This help users automate the tedious parts of investing workflows and spot opportunities others have missed.
This round brings Brightwave’s total funding to $21m following a Seed round in June. In addition to its fundraising, the company has achieved 4x revenue growth in the four months since the announcement of its seed funding.
FinSMEs
29/10/2024