Sentieo, the next-gen financial research platform provider, reveals that it has expanded its presence in the European market and doubled its team in the UK.
The growth is reportedly being driven by rising demand for the firm’s AI-enhanced financial research platform and represents a “firm commitment” to over 50 active clients in the region, including Schroders, Kames, S.W. Mitchell, Cape Capital, Amiral Gestion and Ownership Capital.
The London-headquartered team has been “bolstered by the addition of a Director of UX Design, a Director of Product, and three sales and client success executives, with the expectation to double the sales team again over the next 12 months.”
The London expansion follows Sentieo’s Series B round in May 2021, which was reportedly led by Ten Coves Capital along with contributions from existing investors Centana Growth Partners and Studio Management.
The proceeds will be directed towards supporting the firm’s goal to invest in the people and the technologies that are helping international clients with transforming the way they carry out financial and corporate research.
“We are excited to expand our business and grow our team in Europe, to meet increasing demand for our solutions in the region,” stated David Lichtblau, CEO of Sentieo.
David added:
“Providing an innovative cloud-based platform that can modernise the research workflow and drive analyst collaboration for more powerful investment analysis has catapulted our momentum around the globe. As the industry evolves, our team will continue to lead our clients through their digital transformation process and help deliver the competitive insights they need to succeed.”
Following record revenues last year, the overall demand for Sentieo’s AI-powered platform continued throughout the COVID-19 crisis as investment companies sought Cloud-enabled services that could “enable their teams to work remotely and collaborate seamlessly.”
Featuring the latest AI search and sentiment analysis, market and alternative data, modeling and analytics – “all supported by an integrated research management system – Sentieo is empowering customers around the world to reinvent how the investment research process is done.”
With Sentieo, research analysts “no longer need to rely on disparate tools and legacy applications like terminals, emails, and Excel documents to conduct financial research,” the announcement explained.
By providing a centralized hub for analysts to do their work – in or out of the office – investment firms can “modernize their research workflows, share ideas, and strengthen the investment analysis process to achieve Alpha for their clients.”