Banking Fintech News

Aiera Raises $7M to Further Event Intelligence and Insights Platform

Aiera Raises $7M to Further Event Intelligence and Insights Platform

Aiera is announcing that it has raised $7 million through the sale of its Series A Preferred Stock to investors led by Fin Venture Capital and including Macquarie Group, Citi Markets FinTech Investments, and Franklin Templeton.

An event intelligence and insights platform founded by former Internet equity research analyst, Ken Sena (CEO), and Amazon Alexa engineering lead, Bryan Healey (CTO), Aiera began as a collaboration on how natural language processing could improve investment workflow. Aiera now covers over 30K live events per year, including earnings calls, analyst days, management conferences, and more, tying these events to millions of documents it is simultaneously processing and analyzing, and offering users the ability to set intelligent monitors to track what matters to them most.

Read More: Avii Unified Workspace for Accounting Unveils Four New Solution Sets, Appoints Stuart Dean to VP Sales, at Silicon Slopes #TechSummit2020

“Aiera is emerging as the center of the desktop and mobile for the asset management community,” says Logan Allin, General Partner and Founder at Fin Venture Capital. Logan Allin has joined Chip Hazard, General Partner of Flybridge, as a board director in connection with the Series A transactions. Diane Schumaker-Krieg, formerly Global Head of Research, Economics & Strategy for Wells Fargo, will be joining as an independent director. Additionally, Joe Boerio, Senior Vice President & Chief Technology Officer of Franklin Templeton, Miki Edelman, Head of Strategic Client Solutions for Macquarie Group, and Gavin Skinner, COO of Citi Research will participate in a board observer capacity.

“I am excited to be joining the Aiera Board at this pivotal time in the evolution of investment research,“ said Diane Schumaker-Krieg. “Aiera’s ML-enabled tools allow analysts and portfolio managers to consume huge amounts of relevant data, from events and filings to news and research, with greater efficiency in a post-MiFID ll world. I believe that Ken, Bryan and their team have the vision, skill, and discipline to take Aiera’s platform capabilities to the next level.“

Read More: Accenture to Acquire Mudano, Enhancing Its Analytics and Data Transformation Services to Financial Services Firms in the UK

The Aiera platform currently covers nearly 7K global equities and processes and analyzes approximately 100K pieces of research, media, and new document types each day. Last year, in partnership with Gridspace, Aiera expanded to live events, including earnings calls, analyst days, management conferences, and more.

In commenting on the fundraising, Ken Sena (CEO) said, “Aiera is doing more every day to help its users manage the communication between issuers and investors, and we look forward to continuing to improve our event and streaming experience with more domain-specific transcription capability, deeper document and source discovery, advanced tool customization, and greater language availability.”

Aiera was seeded by Flybridge Capital and, with this additional funding, has now raised more than $10 million to further its quest to be the leading event intelligence and insights platform for the investment community.

Read More: Allvue Systems Announces New Senior Leadership Team Members as It Prepares for Future Growth

Related posts

Blockchain Founders Fund Announces Final Close of Its 75 Million Fund

PR Newswire

Roostify Makes Conditional Approval Available Inside the Lending Platform

Fintech News Desk

KuCoin’s Futures Platform KuMEX Launches USDT Perpetual Contracts

Fintech News Desk

Leave a Comment