Trill Financial is a Durham-based financial management company that uses artificial intelligence and deep learning to manage clients' finances and model publicly traded U.S. companies. The company aggregates SEC data—income statements, balance sheets, cash flow statements, earnings statements and other relevant data—to build predictive models. Trill feeds that data into deep learning software to predict future markets. Founded in 2014 by CEO Akash Ganapathi and Simon Jung, the company has previously raised capital, including $370,000 in October 2017. According to an SEC filing, Trill has raised $770,000 so far and plans to raise an additional $1.23 million, for a total target of $2 million. The company did not indicate how it intends to use the recently raised funds. Trill Financial develops artificial-intelligence technology for asset management. Founded in 2014 and based in Durham, the company is led by co-founders Akash Ganapathi (CEO) and Simon Jung (CTO). Ganapathi previously worked at Cisco Systems and SAS Institute; Jung worked as a data scientist at the Cannon Research Center. The team includes financial-industry executives such as Eric Freedman (chief investment officer at US Bank), Thomas Looney (former Lenovo vice president), and Kevin Adams (senior vice president at Raymond James Financial). According to an Oct. 19 SEC filing, Trill raised $370,000 in a private debt offering from five investors and has $630,000 remaining to be sold from the offering. The company previously raised $20,000 in February 2017, $20,000 in December 2015 and $10,000 in November 2015. The filing references the Reg D exemption and the requirement to file a Form D after the first sale of securities.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2018