Mosaic Smart Data enhances analytics game with $9m funding
a real-time capital markets data analytics company, has completed a $9 million investment round to support its product development and expansion.
The round is co-led by CommerzVentures and Octopus Ventures and includes JP Morgan – an existing investor and client.
According to the firm, daily trading activity in the capital markets generates vast quantities of raw transaction and pricing data. Institutions are increasingly looking to extract the value from this, largely untapped, data asset.
The data company says that annual spending on data analytics and market data has now grown to over $30.5 billion a year.
“Today’s financial markets are awash in data at a scale never seen before, but what really drives performance is being able to extract truly actionable insights from that data in real-time,” says Warren Rabin, co-head of global macro sales and marketing at JP Morgan.
“Mosaic Smart Data’s mission is to empower financial market professionals with usable, data-driven tools to ask the questions they need answered and to receive those results in a language they can understand,” says Matthew Hodgson, CEO and founder of Mosaic Smart Data. “We want them to feel as though they have the firm’s best quant sitting at their desk 24/7, able to answer any question they have almost instantly.”
Mosaic Smart Data’s solution cleanses, normalises and enriches this raw data and provides a consolidated real-time view and analysis across the flows of market activity. Its machine learning (ML) models identify and alert the user to opportunities and threats, generating actionable insights specific to user job functions.