San Francisco and Delhi-based financial research platform Sentieo has raised Series A funding of $19 Mn in a round led by growth equity firm Centana Growth Partners.
31st Oct,2018. RedNewswire/-
Centana is a US-based private equity firm which provides growth capital to firms in the financial services space. The existing investors Clocktower Ventures and Long Focus Capital also participated in the funding round.
Sentieo, founded in 2015 by brothers Alap Shah and Naman Shah is an investment research software suite that uses AI to scan financial documents, analyze alternative data sets and create visualizations.
Alap Shah previously worked as an analyst with hedge funds Citadel and Viking Global Investors. Naman Shah previously co-founded Sarvajal, a social enterprise that provides filtered drinking water to India’s under-served population.
The company claims to have experienced rapid, accelerating growth over the past 18 months, tripling its client base, and doubling employee count.
The company plans to use the fresh funds towards global expansion and product development. As part of the deal, Centana partner Eric Byunn will join the board of Sentieo.
Sentieo has a team of 160 across India and the US, processes over 20 million financial documents from more than 64,000 global companies, to more than 700 clients.
Some of the best investors in the world rely on Sentieo’s software platform on a daily basis and we are thrilled to support the Sentieo team as they continue to focus on innovative product development and expansion of their impressive global customer base, Tom Davis, principal at Centana Growth Partners, said.