The company recently raised a round of $50 million from J.P. Morgan. This will go a long way towards ensuring that Aumni is a major player in the future. We discuss the deal and look ahead to the company’s future plans in this article.
J.P. Morgan leads round
JP Morgan has led a $50 million Series B funding round in investment analytics company Aumni. The funds will help the San Francisco-based firm expand its product offerings to limited partners and law firms, and deepen its presence in the private capital markets.
Aumni has analyzed more than 100,000 investment transactions to provide previously inaccessible insights to customers in the private capital markets. It will use the funds to increase its offering to the founding companies of public companies, while also expanding its data infrastructure to allow more partners to tap into its insights.
Arcadia on the other hand, has translated hundreds of electric utility datasets into a single digital platform, which can be used by other companies to customize offerings. The aforementioned is just one of many things that the company has done to win over JP Morgan. This includes a partnership with TradingHub, which will provide the company’s clients with a tool to integrate TradingHub’s data into their own portfolios. Another example is the company’s patented SmartData IQ augmented reality technology.
The company has also launched a product to help clients better understand their financial health. They are also promoting inclusion across their financial institution ranks. For example, they participate in the U.S. Department of Treasury’s Bank Mentor Protege Program.
Aumni’s plans for the future
The future of the 50m series partners looks a bit brighter thanks to a new investment in an emerging company called Aumni. The Salt Lake City, Utah-based startup is developing an investment analytics platform for the private capital markets. It uses AI and human expertise to provide investors with instant access to detailed deal information.
Aumni’s plans for the future include expanding its offerings to law firms and limited partners. This will help the company build its infrastructure to capture critical private company data. As a result, it will be able to provide a much-needed source of liquidity and transparency to the private market. In addition, it will be able to offer its users new insights into the venture market.
The company has already raised $50 million in funding. Its latest round was led by J.P. Morgan and included several other firms including Citadel Securities, Invesco Private Capital, Vanderbilt University, Pelion Venture Partners, WndrCo, Kickstart Fund, and Next Frontier Capital. With the additional investment, the company will be able to continue its growth in the private capital market and increase its market presence.
In addition to providing investors with instant access to detailed deal information, Aumni has developed a comprehensive system for analyzing securities documentation. Its algorithms examine data submitted to the platform and assess the accuracy of the submitted data. Through this, the company is able to provide investor finance teams with comprehensive insights into an investment’s position.