#AI #AssetManagement / Exabel closes $3.6m funding round

Norway-based Exabel uses alternative data and AI tools to provide active asset managers with new data sets for their risk management and asset allocation models.

The proceeds will be used to help Exabel build out its commercial functions in Europe and North America as its seeks more partnerships with data vendors.

[CEO:] “With the additional funding secured, we can continue to expand and improve the access to our offerings for both buyside investment teams and alternative data vendors… The future of valuable AI in this space lies in the ability to take a broad variety of raw data and distil from it valuable, actionable information.”