AI-based global securities analysis platform Bridgewise has raised US $21 million in series A funding, bringing its total raised capital to US $35 million.
The round was led by SIX Group, with others including venture capital firm Group11 and investment fund L4 Venture Builder also participating.
New funding will be allocated to increasing market penetration and growth, the company has said. Investors were chosen from financial companies with the capability to act as strategic partners in key regions.
The company analyses fundamental data on more than 90% of listed global securities and provides investment recommendations to clients. The platform has been trained on more than 20 years of historical data across 50,000 listed securities, each of which has been assigned a performance score. Its generative AI provisions use a micro language model to create reports for each security.
Gaby Diamant, co-founder and CEO of Bridgewise, said: “With partners such as SIX, Group 11, and L4VB on board we have the tools we need to deliver upgraded insights across the globe, empowering investors in any language, in any market. This new funding is an opportunity to deliver on our promise to our customers, and our responsibility to the industry as a whole.”
Bjørn Sibbern, global head of exchanges at SIX, commented: “Our investment in Bridgewise signifies our commitment to innovation and the future of finance. This strategic move not only taps into a high-growth market but also enhances our internal expertise. Together, we’re driving innovation and empowering our customers across various geographies and in our home markets to stay competitive.”
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