Selerity, a provider of real-time event data solutions for the financial service industry, recently raised $3 million in equity financing. Its new real-time intelligence platform, Selerity Alerts, has strong demand from investors and has an extensive market opportunity for user-driven, real-time intelligence for financial services.
Owing to this huge demand, the equity financing raise for the development of Selerity Alerts was oversubscribed by more than $1 million.
As an integral part of this capital raise, Emanuel Mond will join the board of directors of Selerity. He is an entrepreneur, seasoned financial information services executive and an investor. Of late, he served as the chairman of a global enterprise data management company, Cadis. Previously, Mond held several senior leadership roles at different financial technology ventures, which include SunGard, Monis Software and Whittaker Garnier.
The Selerity Alerts real-time intelligence platform enables analysts, portfolio managers, security traders and other professionals to access and leverage real-time intelligence depending on the particular interests and investment thesis. The platform from Selerity uses advanced classification and real-time search technology for delivering intelligence pertaining to important events that majorly impact the financial market. Using Selerity’s proprietary algorithm, the platform classifies thousands of breaking events every day at only sub-second speeds. The events come from multiple sources such as local media, social media, authoritative blogs and regulatory agencies...Read More