.jpg){kind=avatar}
.jpg){kind=avatar}
Kensho wants to replace equity analyst with software. The cloud-based software can answer more than 65 million question combinations by scanning more than 90,000 actions such as drug approvals, economic reports, monetary policy changes and political events and their impact financial assets. Robots are taking over the world.
Terms of the deal were not disclosed but a source said Goldman is now Kensho’s largest investor. The source also said the deal placed Kensho’s valuation in the 9-figure range. Kensho had previously raised a $10 million seed round from the likes of Accel Partners, Breyer Capital, General Catalyst, Google Ventures and NEA. Founded in May 2013 by Daniel Nadler and Peter Kruskall, Kensho is out to shake-up the financial data industry (now dominated by Bloomberg and Thomson Reuters) by giving the masses the type of complex, quantitative computer power currently used by a few top hedge funds like Bridgewater Associates, D.E. Shaw and Renaissance Technologies.
unknownx500
