To date, Visible Alpha has more than 450 research providers on the platform and are used by over 100 buy-side firms. The company said in the release it plans on using the additional funding to fuel "explosive growth and maintain its leadership position among firms driving efficiency, transparency and alpha generation in the institutional research process." The company has also positioned itself as a solution to MiFID II, the new European regulation that forces money managers to pay for their own research instead of passing the costs on to investors.

https://www.benzinga.com/fintech/18/01/11047181/visible-alpha-a-benzinga-fintech-award-alumni-announces-38-million-funding-ro