Ned May, founder and Managing Partner at Ten Coves Capital, will join Sentieo’s board of directors. Following this funding round, Sentieo has raised $62 million in total capital.
The startup has its development center in New Delhi. Sentieo intends to utilize the freshly raised funds for market expansion and investments into the digital transformation of financial and corporate research.
David Lichtblau, CEO of Sentieo, said, “We see a huge opportunity to replace hard-to-use and expensive point solutions that slow down the journey to uncover competitive insights. We are excited to be working with Ned and Ten Coves to accelerate the transformation of the investment research process.”
Sentieo is a financial and corporate research platform for executives, investment analysts, and researchers. It caters to a global customer base of over 1,000, including 800 institutional investment firms, and Fortune 500 companies.
Ned May, a Managing Partner at Ten Coves Capital, said, “Sentieo’s mission is to deliver the best platform for analysts to conduct research and execute better corporate and investment strategies. By combining all the elements of fundamental research into one seamless, AI-supported workflow, analysts can save time and discover new insights that will catapult their organization ahead of the competition.”
The startup states that the pandemic has only increased the demand for its tools and platform and claims it had record revenue growth in 2020.
Sentieo offers a single, cloud-based workflow platform for financial document search, market and alternative data, modeling, and analytics. It has maintained to release new capabilities on its platform, which include the integration of ESG, an increasingly significant area of focus for institutional investors.
Sentieo is offering several innovative financial solutions and seems to be performing very well. I believe the company has huge growth prospects in the time to come. My best wishes to the team of Sentieo.
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