• Cloud9 Technologies

  Participated · Series B · Jul 2018

  Cloud9 Technologies offers a cloud-based voice communication and analytics platform purpose-built for financial markets, connecting counterparties across all asset classes. The platform eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions and provides front-office-focused data and transcription. The company is led by CEO Jerry Starr. Cloud9 closed a $17.5M Series B funding round to support its growth. It intends to use the proceeds to expand operations and broaden its business reach. The business is positioned to serve trading and other financial workflows that require compliant, low-latency communications. Cloud9 Technologies offers a cloud-based trader voice communications platform that delivers real-time audio, trading metadata and transcription and provides immediate access to a pool of liquidity. Its platform interoperates with third-party systems and serves the voice trading community as a digital trading solution. The company is led by CEO Gerald Starr and was founded in 2014 in New York City. Cloud9 says JPMorgan has onboarded more than 2,000 internal traders and salespeople to use Cloud9 as its primary tool for voice communication. The company intends to use the $14m Series B proceeds to accelerate product development and the global roll-out of its platform. Barclays will also work with Cloud9 to accelerate adoption across the industry. Cloud9 Technologies is a NYC-based cloud communication provider serving financial firms and institutional traders. Led by CEO Gerald Starr, the company delivers cloud voice and collaboration services built on advanced WebRTC technologies with end-to-end security, encryption and compliance capabilities. Its software applications include voice analytics and workflow solutions and connect counterparties across all asset classes. Customers include more than 2,700 users in 29 countries, including top brokerages, sell-side firms and tier one banks. The company intends to use new funds to continue development of innovative products and services and to expand its service offering into new markets. Cloud9 closed a $30M funding round to support those plans. Cloud9 Technologies provides a cloud-based, real-time voice communications platform that replaces traditional telephone-based trading hardware (turrets) for the trading community. Launched in 2014 by CEO Jerry Starr and based in NYC, the solution is built on WebRTC and supported by Amazon Cloud Infrastructure. It adheres to the compliance and security standards required by financial professionals. The platform is used by more than 2,000 traders at 350 brokerages, sell-side firms, and tier-one banks across 21 countries. Cloud9 closed an initial investment round of undisclosed amount with backers including J.P. Morgan, ICAP and Barclays, who are also customers. The company said the funding will enable it to grow its business to meet industry demand.

• Axoni

  Participated · Series A · May 2017

  Axoni builds AxCore, a software platform that synchronizes data across financial institutions to reduce cost, risk, and errors when moving trade data and other critical information. The company’s technology guarantees continual, real-time replication of data with accuracy and completeness, solving coordination problems between large counterparties. Axoni has deployed or is developing solutions across cleared stock loans at OCC, global credit derivatives with DTCC, a corporate bond issuance platform with DirectBooks, global equity swaps with a consortium of market participants, and a global derivatives platform slated to launch in 2023. Since its 2017 founding, the firm has expanded its client base to include market infrastructure companies, asset managers, hedge funds, and global banks across the United States, Europe, and Asia. Led by CEO Greg Schvey, Axoni has raised more than $110M since inception and intends to use the new funds to expand operations and its business reach. Axoni provides financial market infrastructure and multi-party data networks that aim to increase efficiency, transparency, and reliability in global capital markets. Its client base includes buy-side and sell-side firms, infrastructure providers, and technology companies across the United States, Europe, and Asia. The company says applications of its technology have expanded rapidly in recent years. Axoni plans to use the new funding to expand its networks across additional asset classes and regions. Since its founding in 2013, the company has raised a total of $90 million. The firm highlights its role in driving digitalization and solving complex post-trade and capital markets infrastructure challenges. Axoni builds blockchain infrastructure, distributed-application development, and workflow-automation tools focused on multi-party data synchronization for capital markets. Founded in 2013 and based in New York, the company counts many of the world’s largest financial institutions and capital-markets infrastructure firms among its clients. Its core product suite includes AxCore, an infrastructure offering intended for mission-critical deployments, and tooling for distributed ledger applications. Axoni is developing AxLang, an Ethereum-compatible smart-contracting language designed to enable formal verification. The company plans to use recent financing to enhance its data synchronization technology, expand infrastructure products to support broader AxCore deployments, and grow the network of enterprises using distributed ledgers. Financially, Axoni has raised $59 million to date following the latest $36 million Series B. Axoni provides distributed ledger technology, bespoke smart contract development, and analytics tools tailored to capital markets participants. Its core deployments focus on post-trade data management, reference-data collaboration, and automation in derivatives processing. The company has worked with banks and market infrastructure firms to optimize post-trade workflows for credit default swaps and equity swaps. Axoni has collaborated with Citi on multiple live deployments and is engaged in projects to replatform the DTCC Trade Information Warehouse to streamline and reduce the cost of derivatives processing. It was selected as the distributed ledger provider for NEX Group's Harmony network for post-trade data management. Founded in 2013 and led by CEO Greg Schvey, Axoni has recently completed Series A financing and attracted strategic investors from both financial institutions and venture capital. Axoni is a New York-based capital markets technology firm that provides distributed ledger technology to the financial services industry. Its product offerings include distributed ledger technology deployments, bespoke smart contract development, and analytics tools. Those solutions have been implemented in partnership with more than a dozen global banks and financial infrastructure providers. Founded in 2013 and led by CEO Greg Schvey, Axoni focuses on distributed ledger infrastructure for capital markets. In December 2016 the company completed an $18m Series A financing and has raised above $20m in total funding to date. Investors include both financial institutions and venture firms, reflecting cross-sector support for its technology.

No current team members are available.