Sentieo, a California-based financial research platform, announced on Tuesday it secured $19 million through its Series A funding round led by Centana Growth Partners, with participation from existing investors.
Launched in 2015, Sentieo is described as 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. The company also reports that it provides investors with deeper insight, faster answers, and more alpha-generating opportunities. While sharing more details about the company, Alap Shah, CEO and Co-Founder of Sentieo, stated:
“That process is difficult enough, but when combined with outdated tools for sharing content with teammates and organizing decision-making, it became a serious drag on performance.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.”
Sentieo also reported that since its launch it has more than 700 clients and features 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. Speaking about the investment, Eric Byunn, Partner at Centana Growth Partners, added:
“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. 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.”
