Equity markets in Asia may be slowing down, but demand for Xignite's cloud-based market data solutions in the region certainly isn't.
Xignite, which provides market data cloud solutions for financial institutions and financial technology companies, has raised a $20.5m Series C round led by Japan's QUICK Corp with participation from StarVest Partners, Altos Ventures and StartUp Capital ventures.
In connection with the capital raise, Xignite and QUICK will be partnering to deliver Xignite’s cloud-based data solutions in the Asian market as well as QUICK’s proprietary financial data and information through Xignite’s market leading APIs. Xignite brings an elastic cloud infrastructure solution that is easy to use, multi-tenant, built on open standards and scalable with zero footprint to clients. QUICK is the first and leading financial information provider in Japan with a strong reputation and brand in Asia and a member of the Nikkei group. Xignite will use the funds to further scale its sales and marketing efforts and expand its product capabilities in order to fuel the company’s continued global growth. Together with QUICK, Xignite will continue to accelerate the growth and disruption created by financial technology innovations in the Asian market and elsewhere around the world.