San Francisco and New Delhi-based financial research startup Sentieo has raised around ₹140 crore ($19 million) in a series A funding round led by Centana Growth Partners. Other existing investors also participated in the funding round.
The funds raised will be used to expand its global footprint and further development of the product.
Sentieo was founded by two Indian-American brothers Alap Shah and Naman Shah in 2015. The startup provides an investment research platform that leverages artificial intelligence and natural language processing to provide better financial insights by parsing financial documents and analyzing data sets.
The AI-powered financial research startup has since then grown to offer its services to more than 700 clients, enabling them to deliver higher performance through enhanced data insights.
“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,” added Tom Davis, Principal at Centana Growth Partners.
Over the last 18 months, the startup has witnessed a spectacular growth, tripling its client base, doubling employee count, and earning several prestigious industry awards.
Some of its clients include Honeycomb Asset Management, Crosslink Capital, Magellan, and Longhorn, among many others.
In March 2018, Sentieo raised $6 million in its first venture funding round led by Long Focus Capital and Clocktower Technology Ventures.
Centana Growth Partners’ deep expertise in financial services and related enterprises will further help Sentieo to fulfil its growth objectives.
Centana Growth Partners is a growth equity firm, focused on startups working in the financial services domain. This Palo Alto and New York-based firm had raised $250 million for its maiden fund last year.
Some of Centana’s current and past investments include Alaia Capital, Blueprint Systems, Jumio, Catalyst, and Sourcecode, among many others.