Daloopa Raises $18M in Series B Funding to Enhance AI-Powered Financial Data Solutions
Daloopa utilizes advanced AI-driven technology to source, organize, and distribute global historical datasets.
Company Name: Daloopa
Location: New York City, NY
Sector: Financial Technology, Data Analytics
Funding Details:
Daloopa, a leading provider of AI-powered historical data for the financial services industry, has raised $18 million in Series B funding. The round was led by Touring Capital, with significant contributions from Morgan Stanley and existing investor Nexus Venture Partners.
Purpose of the Investment:
The new funding will be used to innovate Daloopa's proprietary algorithms further and develop product solutions that enhance the quality of financial data. Additionally, the company plans to accelerate its go-to-market strategy and expand its footprint into new markets, particularly in Europe and Asia.
Leadership:
Daloopa is spearheaded by an experienced leadership trio: CEO Thomas Li, COO Daniel Chen, and CTO Jeremy Huang. Their combined expertise is driving the company’s technological advancements and market expansion.
Product Overview:
Daloopa utilizes advanced AI-driven technology to source, organize, and distribute global historical datasets. Its AI-first approach supports crucial data discovery needs for buy-side and sell-side financial institutions, including hedge funds, private equity firms, mutual funds, corporations, and investment banks. This technology significantly accelerates analysts' time to insight during critical earnings periods and model-building workflows.