Cognitive Credit Secures $10 Million in Series B Funding
Cognitive Credit, a prominent provider of data and analytics software focused on corporate credit markets, has successfully raised an impressive $10 million in Series B funding. This significant round of investment was spearheaded by ETFS Capital, a notable player in the financial services industry, with additional contributions from XTX Ventures. The funding achieved through this round is earmarked for several key initiatives including the company's strategic expansion into new markets, enhancements to its existing product offerings, and major investments in algorithmic debt valuation as well as artificial intelligence solutions tailored specifically for institutional investors.
Under the leadership of CEO and Founder Robert Slater, Cognitive Credit has made a name for itself by offering credit investors innovative data and analytics that enable them to formulate smarter and faster credit assessments.
The company specializes in delivering comprehensive credit models that are automatically updated within mere minutes following earnings releases. Furthermore, Cognitive Credit provides advanced workflow tools designed to boost productivity, allowing teams to cultivate more actionable and strategic investment ideas that can evolve rapidly in a dynamic market environment.
In light of this funding achievement, Robert Slater has expressed his enthusiasm about the future: “With the digital evolution of credit now inevitable, we are pleased to have ETFS join our team given their deep experience in capital markets innovation. Building the best-in-class dataset for one of the world’s largest asset classes remains an ambitious task, and we are excited about the opportunities ahead of us.” This statement reflects not only the company’s commitment to advancing its technological capabilities but also highlights the vital role that collaboration with experienced partners will play in shaping the future of credit analytics.
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