business applications

Big data firm QuantCube raises $5 million after ESA investment

QuantCube Technology, an AI start-up and provider of macroeconomic and financial predictive analytics based on alternative Space data, announced that it has completed a Series A funding round of $5 million from Moody’s Corporation and Five Capital after ESA Business Applications investment. The financing will help QuantCube Technology expand its global reach and platform development.

Through Big Data analytics and its talented team of multilingual data scientists, QuantCube Technology can make highly accurate predictions of numerous future events, including the outcome of political elections, economic growth figures, price variation of commodities and fluctuation of stock markets.

Since its creation in 2013, the French start-up has been processing billions of massive, heterogeneous and unstructured data elements in real time from all over the world, from social networks, blogs, e-commerce websites, weather forecasts, satellite imagery and more to enhance its advanced analytics capabilities.

Through the development of predictive macroeconomic and financial indicators, QuantCube Technology provides strategic economic information in the short term for investment strategies, in the medium term for macroeconomic forecasts and in the long term for the predictions of geopolitical risks, to financial institutions, government agencies and large corporates. 

For Thanh-Long Huynh, Chief Executive Officer of QuantCube Technology, “our ambition is clear: we want to establish ourselves as a global leader in AI within the financial industry. Thanks to this funding campaign, we have all the resources and support we need from these high-quality investors to expand internationally. Our aim is to open subsidiaries in the United States and the Middle East by the end of 2018, and in Asia at the beginning of 2019.” 

To support this international expansion, QuantCube Technology also plans to strengthen its operations, data scientists and technology teams.

 
06 June 2018 - Last updated at 06 June 2018 - 15:00