News Formal

Israel's AI-based investment platform Fundguard raises $100 in private funds

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Explore stories from Atlantic Canada.

JERUSALEM - Fundguard, an Israeli AI-based platform that helps asset managers, banks and their service providers to manage mutual funds, hedge and pension funds and other investments, said on Monday it had raised $100 million in a private funding round.

The Series C round was led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane. Existing strategic investors Citi and State Street also participated, plus the company’s earliest financial investors such as Blumberg Capital and Team8.Fundguard said the funds raised would be used for ongoing investment in product innovation and continued expansion of its operations.

Fundguard said it was transforming investment operations by leveraging cloud-native technology and AI capabilities to modernize and streamline investment accounting operations and workflows and migrate to the cloud.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung Elec expects $100 million or more sales from advanced chip packaging businessSEOUL (Reuters) -Samsung Electronics expects $100 million or more of revenue from its advanced chip packaging business this year, co-CEO Kye-Hyun Kyung said ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »