On May 7, 2024, New York-based AI financial data analysis startupDaloopaannounced it has raised $18 million in Series B funding, led by Touring Capital, with participation from Morgan Stanley and existing investor Nexus Venture Partners.
The company plans to use the raised funds to further innovate Daloopa's proprietary algorithms, build product solutions that improve the quality of foundational data in the financial services industry, and accelerate Daloopa's go-to-market and expansion.
Founded in 2019, Daloopa is the world's first AI-driven fundamental and historical data provider, with Thomas Li as Chief Executive Officer (CEO), Daniel Chen as Chief Operating Officer (COO), and Jeremy Huang as Chief Technology Officer (CTO). The company developed the world's first technology that uses AI to acquire, organize, and distribute the most complete and accurate global historical data sets. Daloopa's AI-first approach is helping many leading buy-side and sell-side financial institutions worldwide, including hedge funds, private equity firms, mutual funds, corporations, and investment banks, meet time-sensitive data discovery needs in earnings and model-building workflows, accelerating analysts' time to insight.
(Source:PR Newswire）