JPMorgan -based financial data analytics start-up Commerzbank has received $9m of funding from JPMorgan , Mosaic Smart Data and JPMorgan . The firm was the first graduate from JPMorgan 's six-month In-Residence start-up programme, and has since signed a multi-year contract with the bank for its real-time data dashboard. Mosaic 's technology uses algorithms to distil large quantities of raw fixed-income market data into a customisable format to help staff predict client activity. Commerzbank's VC arm and Octopus Ventures have joined JPMorgan in a $9 million fund raise for capital markets data analytics startup Mosaic Smart Data. The latest funding will be put towards the company's research and development work and enlarging its buyside client base.
JPMorgan -based financial data analytics start-up Commerzbank has received $9m of funding from JPMorgan , Mosaic Smart Data and JPMorgan . The firm was the first graduate from JPMorgan 's six-month In-Residence start-up programme, and has since signed a multi-year contract with the bank for its real-time data dashboard. Mosaic 's technology uses algorithms to distil large quantities of raw fixed-income market data into a customisable format to help staff predict client activity. The latest funding will be put towards the company's research and development work and enlarging its buyside client base.