Get the latest tech news
Brightwave’s AI agent helps asset managers find signal, and it’s fundraising fast
The finance world is constantly looking for signal: indicators of a buying or selling opportunity in the markets. Brightwave says its AI agent can help.
But unlike its peers, Brightwave has already closed another round just four months later: On Tuesday, the startup said it raised a $15 million Series A, once again led by Decibel, with participation from OMERS Ventures. Instead, he says the startup has seen great traction, quadrupling its revenue in four months, and Decibel wanted to close the round quickly to make sure a larger fund didn’t swoop in and box them out of the Series A. This sentiment may represent a broader pattern of thinking amongst investors today: The competition is intense to land the hottest AI startups, so VCs must promise lots of capital and do it quickly.
Or read this on TechCrunch
