StockViews fuelled by Fuel Ventures investment
A new round of funding will help equity research firm StockViews invest in artificial intelligence (AI) technology and grow its team of analysts. The London-based company will also use the capital to open an engineering office in Hyderabad, India geared toward developing AI-based solutions, reports David Penn at Finovate.
“Our focus will be applying AI technology to identify misplaced securities in the mid-cap space,” company COO and co-founder Sandeep Bathina says. “We are developing research tools to perform in-depth evaluation in support of our analysts.”
StockViews did not disclose the amount raised in the round, which was led by Fuel Ventures, a firm that specialises in early stage investment. StockViews raised $640,000 in funding last summer which, at the time, boosted its total capital above $1 million.
StockViews CEO and co-founder Tom Beevers adds: “This funding will help us to expand the number of in-depth investment ideas we make available to our growing client base.”
A graduate of Startupbootcamp Fintech’s London programme, StockViews is currently based out of Level39, the technology accelerator at London’s Canary Wharf. The company was founded in 2014.