Investment analytics platform Aumni has raised $50 million in a Series B funding round led by JP Morgan.
The Salt Lake City, Utah based firm, which launched its flagship product in 2018, provides data infrastructure for private capital markets.
Aumni claims its technology can unlock, structure, and analyse data in private portfolios to track key investment rights, portfolio performance, and emerging investment patterns.
Pelion Venture Partners also participated in the round alongside WndrCo, Citadel Securities, Invesco Private Capital, Vanderbilt University, and Kera Capital.
Aumni said it will use the funds to deepen its presence with investors in private capital markets and expand its offering to limited partners, law firms, and company founders.
The firm, which was founded by ex-corporate lawyers Tony Lewis and Kelsey Chase, claim it has analysed more than 100,000 investment transactions since its launch.
“Our strategic investment in Aumni will allow the company to continue to capitalize on its impressive growth trajectory, unlocking data insights that have historically remained inaccessible in the private markets,” said Michael Elanjian, head of digital innovation, corporate and investment banking, JP Morgan.
Latest News
-
28m UK adults turn to AI to help manage money, finds Lloyds Bank
-
J.P. Morgan launches Personal Investing brand in UK
-
Barclays and Santander see largest current account losses after outages
-
WisdomTree chooses BNY for BaaS infrastructure
-
McGill and Partners to develop digital broking platform
-
ECB plans digital euro pilot ahead of 2029 issuance
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories