SAN FRANCISCO, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Sentieo, a next-generation financial research platform, announced today that it has closed a $19 million Series A funding round led by Centana Growth Partners, with participation from existing investors.
Sentieo is a modern financial research platform, utilizing machine learning and natural language processing to instantly surface textual and financial insights for investment management and corporate intelligence clients. Built by former Wall Street analysts, the company has experienced rapid, accelerating growth over the past 18 months, tripling its client base, doubling employee count, and earning several prestigious industry awards. Sentieo’s clients include a majority of the world's top hedge funds and a growing number of industry-leading mutual funds, Fortune 500 corporations, and investment banks. Sentieo will use the new capital to expand global growth and product development.
“As a former hedge fund analyst, I experienced firsthand the pain of tracking an ever-increasing list of data sources,” said Alap Shah, CEO and Co-Founder of Sentieo. “That process is difficult enough, but when combined with outdated tools for sharing content with teammates and organizing decision-making, it became a serious drag on performance. In response, we built Sentieo’s AI-powered search engine to effortlessly pair with our research notebook and RMS. This means that clients can move from data identification to extraction and collaboration in a single web-based, mobile-friendly workflow. The results are clear: faster, deeper insights and better performance.”
Launched in late 2015, Sentieo has since grown to become the trusted research platform for more than 700 clients. Featuring a search library that includes clients’ internal content, financial disclosures from over 40,000 global companies and research from over 1,000 sell-side contributors, Sentieo extracts crucial information in seconds to make researchers more productive. The company’s integrated research management system further streamlines document management and unlocks seamless collaboration for financial teams.
“We have been continually impressed by the strength of Sentieo’s product and the quality of their team, as evidenced by the enthusiasm of their customers and the clear, strong value being delivered,” said Eric Byunn, Partner at Centana Growth Partners. “We are incredibly excited to join them as they grow into a major player in the financial research technology industry, a market that is long overdue for the kind of innovation that Sentieo is providing.”
“Some of the best investors in the world rely on Sentieo’s software platform on a daily basis and we are thrilled to support the Sentieo team as they continue to focus on innovative product development and expansion of their impressive global customer base,” added Tom Davis, Principal at Centana Growth Partners.
Centana Growth Partners has deep expertise in the financial services and related enterprise software sectors and is currently invested in a number of high-growth software companies including Blueprint, Jumio, One Inc., and Vena Solutions.
Sentieo is the first financial research platform designed to empower financial teams. Combining traditional and alternative datasets, Sentieo increases efficiency and boosts alpha generation for asset managers, investment banks, and corporations. Serving a global customer base, Sentieo has a team of 160 with offices in San Francisco, New York, and New Delhi, India. To learn more about Sentieo visit: http://www.sentieo.com
About Centana Growth Partners
Centana is a unique growth equity firm that invests in the future of financial services. We partner with firms across the entire financial ecosystem, from institutions to fintech disruptors. Centana connects our portfolio companies to a catalyzing community that can help accelerate business growth. With offices in Palo Alto and New York, the Centana team taps into decades of financial services expertise and insight to find partner firms that bring real value and innovation into the industry.